200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 18. Properties held for sale 2021 2020 RM RM Cost At 1 January - 388,938 Disposals - (388,938) At 31 December - - 19. Land held for development and development properties (a) Land held for development Freehold and Development leasehold land costs Total Group RM RM RM At 1 January 2021 158,450,937 13,129,406 171,580,343 Additions 42,171,105 620,995 42,792,100 At 31 December 2021 200,622,042 13,750,401 214,372,443 At 1 January 2020 146,745,351 12,074,376 158,819,727 Additions 15,031,865 841,144 15,873,009 Acquisition of subsidiary (Note 16) - 4,203,662 4,203,662 Write down of land held for development (Note 7) (3,326,279) (3,989,776) (7,316,055) At 31 December 2020 158,450,937 13,129,406 171,580,343 (b) Development properties Freehold and Development leasehold land costs Total Group RM RM RM Cumulative cost of development properties At 1 January 2021 67,022,592 11,891,195 78,913,787 Costs incurred during the year - 6,757,549 6,757,549 At 31 December 2021 67,022,592 18,648,744 85,671,336 At 1 January 2020 113,953,825 17,652,150 131,605,975 Costs incurred during the year 104,393 5,173,403 5,277,796 Reversal of completed units (47,035,626) (10,934,358) (57,969,984) At 31 December 2020 67,022,592 11,891,195 78,913,787 Group - 73 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 133
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