148 Annual Report 2021 10. PROPERTY, PLANT AND EQUIPMENT (CONT’D) The freehold and leasehold land and buildings stated at valuationwere 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 RM10,012,699 (2020: RM9,145,777) 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. Motor Long-term vehicles, Furniture, Freehold leasehold plant and fittings and Plantation Bearer Under The Group land land Buildings machinery equipment infrastructure plants construction Total 2021 RM RM RM RM RM RM RM RM RM Analysis of Cost and Valuation At valuation - 2020 12,880,000 6,400,000 62,061,703 - - - - - 81,341,703 At cost - - 23,268,289 112,656,872 39,089,610 52,877,508 328,306,056 15,510,453 571,708,788 12,880,000 6,400,000 85,329,992 112,656,872 39,089,610 52,877,508 328,306,056 15,510,453 653,050,491 Net Carrying Amount At valuation - 2020 12,880,000 6,306,908 57,936,812 - - - - - 77,123,720 At cost - - 10,012,699 47,028,485 11,688,920 31,170,440 208,519,042 15,510,453 323,930,039 12,880,000 6,306,908 67,949,511 47,028,485 11,688,920 31,170,440 208,519,042 15,510,453 401,053,759 Motor Long-term vehicles, Furniture, Freehold leasehold plant and fittings and Plantation Bearer Under The Group land land Buildings machinery equipment infrastructure plants 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 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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