3. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Office equipment, Motor furniture Computer vehicles and fittings equipment Total Company RM’000 RM’000 RM’000 RM’000 Cost At 1 July 2022 229 82 460 771 Additions - 6 218 224 Disposal - - (39) (39) At 31 December 2023/1 January 2024 229 88 639 956 Additions - 50 168 218 Disposals (207) - (4) (211) At 31 December 2024 22 138 803 963 Accumulated depreciation At 1 July 2022 229 79 300 608 Depreciation charges - 2 184 186 Disposal - - (13) (13) At 31 December 2023/1 January 2024 229 81 471 781 Depreciation charges - 4 109 113 Disposals (207) - (3) (210) At 31 December 2024 22 85 577 684 Carrying amounts At 1 July 2022 - 3 160 163 At 31 December 2023 - 7 168 175 At 31 December 2024 - 53 226 279 (a) The freehold land and buildings of the Group amounting to approximately RM21,700,000 (31.12.2023: RM21,812,000) have been charged to a licensed bank as security for banking facilities granted to the Group as disclosed in Note 19 to the financial statements. (b) The capital work-in-progress of the Group (at cost) amounting to approximately RM20,010,000 (31.12.2023: RM21,536,000) have been charged to licensed banks as security for banking facilities granted to the Group as disclosed in Note 19 to the financial statements. (c) In the current financial year, the Group carried out a review of the recoverable amount of its vessel and associated equipment due to their physical deterioration. An impairment loss of approximately RM11,141,000 (31.12.2023: RM25,751,000) was recognised in “Other operating expenses” line item of the statements of profit or loss and other comprehensive income. 142 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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