MKH Annual Report 2020

158 FINANCIAL STATEMENTS ANNUAL REPORT 2020 14. INVESTMENT PROPERTIES The Group 2020 RM 2019 RM At beginning of year 312,440,000 318,620,000 Transfer from inventories 54,161,808 - Fair value losses from transfer of inventories to investment properties (5,180,808) - Changes in fair values (12,165,000) (6,180,000) At end of year 349,256,000 312,440,000 Included in the above are: The Group 2020 RM 2019 RM Freehold land and buildings - at fair value Freehold land 47,100,000 47,100,000 Buildings 65,200,000 54,250,000 112,300,000 101,350,000 Leasehold land and buildings - at fair value Leasehold land with unexpired lease period of more than 50 years 68,900,000 66,900,000 Buildings 168,056,000 144,190,000 236,956,000 211,090,000 349,256,000 312,440,000 Fair value measurement disclosures for investment properties are disclosed in Note 45. Included in the above are land and buildings amounting to RM193,685,000 (2019: RM250,450,000) pledged for credit facilities granted to subsidiaries as disclosed in Note 32.