DESTINI AR 2017

4. Property, Plant and Equipment (Cont’d) (a) Assets pledged as securities to financial institutions The carrying amounts of property, plant and equipment of the Group and of the Company pledged as securities for bank borrowings as disclosed in Note 24 are: Group Company 2017 2016 2017 2016 RM RM RM RM Freehold land 12,063,260 12,063,260 11,713,260 11,713,260 Buildings 14,518,526 14,963,301 8,452,696 8,705,829 Leasehold properties and industrial land 14,726,070 15,157,129 774,790 783,300 41,307,856 42,183,690 20,940,746 21,202,389 The remaining lease period of the leasehold properties and industrial land of the Group and of the Company are 56 (2016: 57) years and 88 (2016: 89) years, which are expired on 2073 and 2105 respectively. (b) The aggregate costs for the property, plant and equipment of the Group and of the Company acquired under finance lease financing and cash payments are as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Aggregate costs 17,610,743 24,228,803 3,128,293 1,286,008 Less: Finance lease financing (410,500) (320,240) - (27,200) Cash payments 17,200,243 23,908,563 3,128,293 1,258,808 (c) Included in the property, plant and equipment, the carrying amounts of leased assets are as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Motor vehicles 2,007,092 2,487,095 - - Machinery and equipment 27,632 34,840 27,632 34,840 2,034,724 2,521,935 27,632 34,840 119 DESTINI BERHAD Annual Report 2017