NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 224 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Group Freehold land RM’000 Building RM’000 Motor vehicles RM’000 Computer hardware RM’000 Office equipment RM’000 Furniture and fittings RM’000 Renovations RM’000 Capital work-in- progress RM’000 Total RM’000 2022 Cost At 1 January 2022 81,910 46,830 6,430 33,098 28,159 27,494 35,267 3,638 262,826 Transfer * - - - 900 - - - (909) (9) Additions - - 199 1,812 658 52 444 2,010 5,175 Reclassification - - - 2,384 98 314 1,096 (3,892) - Disposals/write-off - - (1,907) (1,057) (829) (1,512) (2,083) - (7,388) At 31 December 2022 81,910 46,830 4,722 37,137 28,086 26,348 34,724 847 260,604 Accumulated depreciation At 1 January 2022 - 5,373 5,503 23,514 18,466 21,444 25,051 - 99,351 Transfer * - - - 33 - - - - 33 Depreciation charge for the financial year (Note 34) - 937 325 4,785 2,152 1,307 1,966 - 11,472 Disposals/write-off - - (1,907) (1,044) (678) (1,428) (1,416) - (6,473) At 31 December 2022 - 6,310 3,921 27,288 19,940 21,323 25,601 - 104,383 Net carrying amount At 31 December 2022 81,910 40,520 801 9,849 8,146 5,025 9,123 847 156,221
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