MKH Annual Report 2019

169 M K H B e r h a d 15. INVESTMENT IN ASSOCIATES (CONT’D) The reconciliation of net assets to carrying amount of the associates is as follows: RMSB PHMMSB DHSB Total RM RM RM RM 2019 Group’s share of net assets 5,692,040 4,386,376 4,911,797 14,990,213 Group’s share of results in associates (89,106) (707,861) (88,206) (885,173) Dividend received from associates - - - - 2018 Group’s share of net assets 9,156,147 5,094,239 - 14,250,386 Group’s share of results in associates (542,455) 903,034 - 360,579 Dividend received from associates - - - - 16. LAND HELD FOR PROPERTY DEVELOPMENT The Group 2019 2018 RM RM Freehold land At beginning of year 463,848,960 510,261,469 Additions 11,279,551 27,467,524 Reclassification to development  cost - (10,637,689) Charged out to profit or loss as land  donation - (3,608,106) Reclassification from leasehold land - 59,121 Transfer to property development costs  (Note 19) (4,586,972) (59,693,359) At end of year 470,541,539 463,848,960 Leasehold land At beginning of year 142,191,590 155,342,976 Additions 34,296,161 - Reversal of provision for landowners’  entitlement - (734,875) Transfer (to)/from non-current assets  held for sale (Note 24) (643,458) 5,920,445 Reclassification to freehold land - (59,121) Transfer to property development costs  (Note 19) (11,552,782) (18,277,835) At end of year 164,291,511 142,191,590 Total land 634,833,050 606,040,550 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019