MKH Annual Report 2019

155 M K H B e r h a d 12. PREPAID LEASE PAYMENTS The Group 2019 2018 RM RM At beginning of year 44,675,754 45,724,238 Transfer from prepayments (Note 18 (j) (i)) - 1,290,188 Amortisation for the financial year (1,513,413) (1,509,763) Effect of movements in exchange rate 235,022 (828,909) At end of year 43,397,363 44,675,754 The above is short-term leasehold land with remaining unexpired lease period of less than 50 years. The short-term leasehold land of RM39,082,912 (30.9.2018: RM40,251,790; 1.10.2017: RM42,156,888) is pledged as security for credit facilities granted to the Group as disclosed in Note 29 13. INVESTMENT PROPERTIES The Group 2019 2018 RM RM At beginning of year 318,620,000 318,937,000 Changes in fair values (6,180,000) (317,000) At end of year 312,440,000 318,620,000 Included in the above are: The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM Freehold land and buildings - at fair value Freehold land 47,100,000 46,200,000 46,200,000 Buildings 54,250,000 55,330,000 55,347,000 101,350,000 101,530,000 101,547,000 Leasehold land and buildings - at fair value Leasehold land with unexpired lease period  of more than 50 years 66,900,000 65,800,000 66,600,000 Buildings 144,190,000 151,290,000 150,790,000 211,090,000 217,090,000 217,390,000 312,440,000 318,620,000 318,937,000 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019