KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 235 234 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 2023 Cost At 1 January 2023 81,910 46,830 4,722 37,137 28,086 26,348 34,724 847 260,604 Transfer * - - - 21 - - - - 21 Disposal of a subsidiary - - - (67) (5) (28) (12) - (112) Additions - - 890 1,248 363 447 682 4,156 7,786 Reclassification - - 5 243 187 829 3,165 (4,429) - Disposals/write-off - - - (276) (39) (313) (395) - (1,023) Adjustment to expenses - - - - - - - (24) (24) At 31 December 2023 81,910 46,830 5,617 38,306 28,592 27,283 38,164 550 267,252 Accumulated depreciation At 1 January 2023 - 6,310 3,921 27,288 19,940 21,323 25,601 - 104,383 Disposal of a subsidiary - - - (57) (5) (23) (11) - (96) Depreciation charge for the financial year (Note 34) - 936 452 4,340 2,200 1,268 1,986 - 11,182 Disposals/write-off - - - (259) (33) (309) (392) - (993) At 31 December 2023 - 7,246 4,373 31,312 22,102 22,259 27,184 - 114,476 Net carrying amount At 31 December 2023 81,910 39,584 1,244 6,994 6,490 5,024 10,980 550 152,776 * Transfer from computer software. 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Bank 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 2024 Cost At 1 January 2024 81,910 46,830 5,101 34,943 26,893 24,190 30,474 186 250,527 Additions - - - 2,479 100 37 232 6,935 9,783 Disposals/write-off - - - (3,211) (124) (1,539) (568) - (5,442) Adjustment to expenses - - - (2) - - - - (2) At 31 December 2024 81,910 46,830 5,101 34,209 26,869 22,688 30,138 7,121 254,866 Accumulated depreciation At 1 January 2024 - 7,247 4,219 28,532 20,984 20,694 24,345 - 106,021 Depreciation charge for the financial year (Note 34) - 937 341 3,476 2,020 1,037 1,398 - 9,209 Disposals/write-off - - - (3,189) (116) (1,536) (569) - (5,410) Adjustment to expenses - - - (2) - - - - (2) At 31 December 2024 - 8,184 4,560 28,817 22,888 20,195 25,174 - 109,818 Net carrying amount At 31 December 2024 81,910 38,646 541 5,392 3,981 2,493 4,964 7,121 145,048
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