DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 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 27 are: As at 31 December 2019, the remaining lease period of the leasehold properties and industrial land of the Group and of the Company are 55 years and 87 years, which are expired on 2073 and 2105 respectively. Following the adoption of MFRS 16 on 1 January 2019, the Group and the Company had reclassified the carrying amount of leased assets to ROU assets (Note 5). (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: (c) Included in the property, plant and equipment, the carrying amounts of leased assets are as follows: Group Company 2019 2018 2019 2018 RM RM RM RM Freehold land 12,063,260 12,063,260 11,713,260 11,713,260 Buildings 8,315,652 14,073,749 7,946,430 8,199,562 Leasehold properties and industrial land 1,933,239 14,338,676 - 766,281 22,312,151 40,475,685 19,659,690 20,679,103 Group Company 2019 2018 2019 2018 RM RM RM RM Aggregate costs 17,554,429 13,388,046 115,372 3,035,705 Less: Finance lease financing - (742,327) - - Cash payments 17,554,429 12,645,719 115,372 3,035,705 Group Company 2019 2018 2019 2018 RM RM RM RM Motor vehicles - 1,553,972 - - FINANCIAL STATEMENTS 06 ANNUAL REPORT 2019 135