Financial Statements Notes to the Financial Statements 3. PROPERTY, PLANT AND EQUIPMENT (continued) Freehold land Buildings Hospital and medical equipment, renovations, furniture and fittings and equipment Motor vehicles Constructionin-progress Total Group Note RM’mil RM’mil RM’mil RM’mil RM’mil RM’mil Accumulated depreciation and impairment losses At 1 January 2023 – 1,865 7,783 49 360 10,057 Depreciation charge for the year – 160 904 8 – 1,072 Disposal of subsidiaries – – (8) – – (8) Impairment loss – – 1 – – 1 Disposals – (12) (171) (8) – (191) Write off – – (46) – – (46) Reclassification – 346 2 – (348) – Transfer to assets classified as held for sale – – (7) – – (7) Hyperinflationary adjustments – (26) 100 1 – 75 Translation differences – 100 392 2 (12) 482 At 31 December 2023/ 1 January 2024 – 2,433 8,950 52 – 11,435 Depreciation charge for the year – 189 1,039 12 – 1,240 Impairment loss – – 7 – – 7 Disposals – (12) (332) (3) – (347) Write off – – (107) – – (107) Transfer to investment properties 5 – (1) (2) – – (3) Hyperinflationary adjustments – 1 329 – – 330 Translation differences – (80) (182) – – (262) Translation adjustments^ – 66 – – – 66 At 31 December 2024 – 2,596 9,702 61 – 12,359 Net carrying amount At 1 January 2023 1,282 5,371 4,201 18 1,011 11,883 At 31 December 2023/1 January 2024 1,337 6,042 4,972 31 1,032 13,414 At 31 December 2024 1,461 6,599 5,722 32 2,415 16,229 ^ Arises from the application of functional currencies to translate certain acquired assets in prior years. Securities As at 31 December 2024, property, plant and equipment of the Group with carrying amounts of RM3,115 million (2023: RM2,533 million) were charged to licensed financial institutions for credit facilities and term loans granted to the Group. Borrowing costs In 2024, the Group capitalised borrowing costs at 8.2% (2023: 7.05%), amounting to RM5 million (2023: RM6 million). IHH Healthcare Berhad | Annual Report 2024 146
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