13. PROPERTY, PLANT AND EQUIPMENT (CONTD.) (a) The net carrying amounts of property, plant and equipment of the Group charged to a bank for banking facilities (Note 35(a)) are as follows: Group 2024 RM’000 2023 RM’000 Plant and equipment 72,013 83,849 (b) During the year, the Group and the Company acquired property, plant and equipment by way of: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Cash payment 16,058 41,279 391 602 Other payables 6,651 6,960 – 21 22,709 48,239 391 623 14. INVESTMENT PROPERTIES Group 2024 RM’000 2023 RM’000 At 1 January 14,325 13,800 Fair value adjustment (Note 5) – 525 At 31 December 14,325 14,325 The Group’s investment properties consist of two pieces of land in Sabah, which is held under lease term. As at 31 December 2024 and 2023, the fair values of the properties are based on valuations performed by Raine & Horne International, an accredited independent valuer. Raine & Horne International is a specialist in valuing these types of investment properties. A valuation model in accordance with that recommended by the International Valuation Standards Committee has been applied. For the financial year ended 31 December 2024, the expenses incurred in relation to the investment properties was RM3,000 (2023: RM3,000). The Group has no restrictions on the realisability of its investment properties and no contractual obligations to purchase, construct or develop investment properties or for repairs, maintenance and enhancements. Notes to the Financial Statements For the year ended 31 December 2024 UEM EDGENTA BERHAD 316 Integrated Annual Report 2024
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