MKH Berhad 171 18. LAND HELD FOR PROPERTY DEVELOPMENT The Group 2021 2020 RM RM Freehold land At beginning of year 468,678,024 470,541,539 Additions 19,858,726 4,034,784 Transfer to non-current assets held for sale (Note 26) - (1,064,085) Reclassification from development costs - 30,000 Transfer to property development costs (Note 21) (2,042,273) (4,864,214) At end of year 486,494,477 468,678,024 Leasehold land At beginning of year 171,298,149 164,291,511 Additions 381,022 - Transfer to non-current assets held for sale (Note 26) (362,580) - Transfer (to)/from property development costs (Note 21) (39,573,486) 7,006,638 At end of year 131,743,105 171,298,149 Total land 618,237,582 639,976,173 Development costs At beginning of year 270,024,628 245,401,902 Additions 18,265,237 33,402,020 Development expenditure expensed off (3,418,590) (233,677) Reclassification to freehold land - (30,000) Transfer to non-current assets held for sale (Note 26) (35,494) (1,926,320) Transfer to property development costs (Note 21) (13,751,538) (6,589,297) At end of year 271,084,243 270,024,628 Total land and development costs 889,321,825 910,000,801 Less: Accumulated impairment loss At beginning and end of year (6,284,988) (6,284,988) 883,036,837 903,715,813 Included in land held for property development are: (i) freehold land amounting to RM79,962,939 (2020: RM83,071,651) have been pledged for term loan and revolving credit facilities granted to certain subsidiaries as disclosed in Note 32; Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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