MKH Annual Report 2017

10. PROPERTY, PLANT AND EQUIPMENT (continued) The freehold and leasehold land and buildings stated at valuation were revalued by the directors in September 2015 and September 2010 based on independent professional valuation on the market value basis using the cost and direct comparison of valuation methods, except for certain buildings located at oil palm plantation with carrying amounts (included current year additions) totalling RM19,314,290 (2016:RM17,937,197) were not revalued as at 30 September 2015. The directors are of the view that it is not practicable to fair value these buildings as these are mainly staff quarters and amenities which were built at the oil palm plantation for use by the plantation workers and there is a lack of active market for the buildings. Motor Long-term vehicles, Furniture, The Group Freehold leasehold plant and fittings and Plantation Under 2017 land land Buildings machinery equipment infrastructure construction Total RM RM RM RM RM RM RM RM Analysis of Cost and Valuation At valuation - 2015 12,240,000 6,400,000 65,080,502 - - - - 83,720,502 At cost - - 28,397,374 99,064,626 33,259,629 48,649,545 3,125,609 212,496,783 12,240,000 6,400,000 93,477,876 99,064,626 33,259,629 48,649,545 3,125,609 296,217,285 Net Carrying Amount At valuation - 2015 12,240,000 6,226,440 56,108,559 - - - - 74,574,999 At cost - - 19,314,290 59,498,763 17,160,073 36,372,829 3,125,609 135,471,564 12,240,000 6,226,440 75,422,849 59,498,763 17,160,073 36,372,829 3,125,609 210,046,563 2016 Analysis of Cost and Valuation At valuation - 2015 12,240,000 6,400,000 65,266 ,852 - - - - 83,906,852 At cost - - 26,501,495 95,671,302 28,872,359 46,678,829 3,946,042 201,670,027 12,240,000 6,400,000 91,768,347 95,671,302 28,872,359 46,678,829 3,946,042 285,576,879 Net Carrying Amount At valuation - 2015 12,240,000 6,313,220 62,706,997 - - - - 81,260,217 At cost - - 17,937,197 61,804,819 15,561,267 36,653,998 3,946,042 135,903,323 12,240,000 6,313,220 80,644,194 61,804,819 15,561,267 36,653,998 3,946,042 217,163,540 Notes to the Financial Statements For the Financial Year ended 30 September 2017 129 MKH Berhad • Annual Report 2017