MKH Annual Report 2020

173 MKH BERHAD 18. LAND HELD FOR PROPERTY DEVELOPMENT The Group 2020 RM 2019 RM Freehold land At beginning of year 470,541,539 463,848,960 Additions 4,034,784 11,279,551 Transfer to non-current assets held for sale (Note 26) (1,064,085) - Reclassification from development costs 30,000 - Transfer to property development costs (Note 21) (4,864,214) (4,586,972) At end of year 468,678,024 470,541,539 Leasehold land At beginning of year 164,291,511 142,191,590 Additions - 34,296,161 Transfer to non-current assets held for sale (Note 26) - (643,458) Transfer from/(to) property development costs (Note 21) 7,006,638 (11,552,782) At end of year 171,298,149 164,291,511 Total land 639,976,173 634,833,050 Development costs At beginning of year 245,401,902 267,003,467 Additions 33,402,020 30,903,244 Reclassification to freehold land (30,000) - Transfer to non-current assets held for sale (Note 26) (1,926,320) (900,092) Write-offs (233,677) - Transfer to property development costs (Note 21) (6,589,297) (51,604,717) At end of year 270,024,628 245,401,902 Total land and development costs 910,000,801 880,234,952 Less: Accumulated impairment loss At beginning and end of year (6,284,988) (6,284,988) 903,715,813 873,949,964 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020