MKH Annual Report 2018

150 MKH Berhad Annual Report 2018 17. LAND HELD FOR PROPERTY DEVELOPMENT The Group 2018 2017 RM RM Freehold land At beginning of year 510,261,469 538,758,245 Additions 27,467,524 11,410,116 Reclassification from/(to) development cost (10,637,689) 838,136 Charged out to profit or loss as land donation (3,608,106) - Reclassification from leasehold land 59,121 - Transfer to property development costs (Note 20) (59,693,359) (40,745,028) At end of year 463,848,960 510,261,469 Leasehold land At beginning of year 155,342,976 279,382,137 Additions - 20,949 Reversal of provision for landowners’ entitlement (734,875) (1,205,132) Transfer from/(to) non-current assets held for sale (Note 23) 5,920,445 (7,408,134) Reclassification to freehold land (59,121) - Transfer to property development costs (Note 20) (18,277,835) (115,446,844) At end of year 142,191,590 155,342,976 Total land 606,040,550 665,604,445 Development costs At beginning of year 256,592,153 250,684,144 Additions 21,007,170 65,928,950 Reclassification from/(to) freehold land cost 10,637,689 (838,136) Charged out to profit or loss as land donation (5,853,344) - Transfer from/(to) non-current assets held for sale (Note 23) 6,601,543 (7,659,714) Transfer to property development costs (Note 20) (21,981,744) (51,523,091) At end of year 267,003,467 256,592,153 Total land and development costs 873,044,017 922,196,598 Less: Accumulated impairment loss At beginning and end of year (6,284,988) (6,284,988) 866,759,029 915,911,610 FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 NOTES TO THE FINANCIAL STATEMENTS