200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 13. Right-of-use assets (cont'd) Land and Machinery and Group buildings equipment Total RM RM RM At 1 January 2021 5,756,389 111,326 5,867,715 Additions (Note 24) 2,330,445 56,967 2,387,412 Depreciation for the year (Note 7) (2,956,996) (133,325) (3,090,321) Derecognition (229,786) - (229,786) At 31 December 2021 and 1 January 2022 4,900,052 34,968 4,935,020 Additions (Note 24) 4,163,396 - 4,163,396 Depreciation for the year (Note 7) (3,027,150) (27,961) (3,055,111) Derecognition (59,329) - (59,329) As at 31 December 2022 5,976,969 7,007 5,983,976 The details of lease liabilities in respect of right-of-use assets are disclosed in Note 24. 14. Investment properties 2022 2021 RM RM Cost At 1 January/31 December 327,444 327,444 Accumulated depreciation At 1 January 181,323 174,774 Charge for the year (Note 7) 6,549 6,549 At 31 December 187,872 181,323 Net carrying amount At 31 December 139,572 146,121 Represented by:- Buildings 139,572 146,121 Set out below are the carrying amounts of right-of-use assets recognised and the movements during the year: Group Fair value of the investment properties as at 31 December 2022 was RM898,000 (2021: RM667,000). - 67 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 132
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