MKH Annual Report 2019

147 M K H B e r h a d 10. PROPERTY, PLANT AND EQUIPMENT (CONT’D) The freehold and leasehold land and buildings stated at valuation were revalued by the directors in September 2015 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 RM13,858,801 (30.9.2018: RM12,392,952; 1.10.2017: RM13,963,159) 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. Long-term Motor vehicles, Furniture, The Group Freehold leasehold plant and fittings and Plantation Bearer Under 30.9.2019 land land Buildings machinery equipment infrastructure plants construction Total RM RM RM RM RM RM RM RM RM Analysis of  Cost  and  Valuation At valuation  - 2015 12,240,000 6,400,000 68,530,440 - - - - - 87,170,440 At cost - - 25,567,072 106,837,705 37,865,839 51,928,735 318,638,254 24,220,753 565,058,358 12,240,000 6,400,000 94,097,512 106,837,705 37,865,839 51,928,735 318,638,254 24,220,753 652,228,798 Net Carrying  Amount At valuation   - 2015 12,240,000 6,052,880 49,578,974 - - - - - 67,871,854 At cost - - 13,858,801 58,403,868 16,940,042 35,497,195 230,819,082 24,220,753 379,739,741 12,240,000 6,052,880 63,437,775 58,403,868 16,940,042 35,497,195 230,819,082 24,220,753 447,611,595 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019