MKH Annual Report 2020

148 FINANCIAL STATEMENTS ANNUAL REPORT 2020 10. PROPERTY, PLANT AND EQUIPMENT (CONT’D) The freehold and leasehold land and buildings stated at valuation were revalued by the directors in September 2020 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 RM9,145,777 (2019: RM10,465,742) were not revalued as at 30 September 2020. 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. The Group Freehold land Long-term leasehold land Buildings Motor vehicles, plant and machinery Furniture, fittings and equipment Plantation infrastructure Bearer plants Under construction Total 2020 RM RM RM RM RM RM RM RM RM Analysis of Cost  and Valuation At valuation -  2020 12,880,000 6,400,000 60,043,312 - - - - - 79,323,312 At cost - - 21,064,282 102,469,073 37,788,479 49,988,714 313,001,097 13,345,115 537,656,760 12,880,000 6,400,000 81,107,594 102,469,073 37,788,479 49,988,714 313,001,097 13,345,115 616,980,072 Net Carrying  Amount At valuation -  2020 12,880,000 6,400,000 60,043,312 - - - - - 79,323,312 At cost - - 9,145,777 46,946,576 13,852,564 31,904,085 214,529,534 13,345,115 329,723,651 12,880,000 6,400,000 69,189,089 46,946,576 13,852,564 31,904,085 214,529,534 13,345,115 409,046,963