MKH Berhad 147 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 PROPERTY, PLANT AND EQUIPMENT (CONT’D) 10. Plantation infrastructure RM Furniture, fittings and equipment RM Motor, vehicles, plant and machinery RM Buildings RM Long-term leasehold land RM Total RM Under construction RM Bearer plants RM Freehold land RM Cost/Valuation As at 1 October 2020 Additions As at 30 September 2021 Disposals Write-offs Reclassification Effect of movements in exchange rates Accumulated Depreciation As at 1 October 2020 Net Carrying Amounts As at 30 September 2021 Charge for the financial year Disposals Write-offs Effect of movements in exchange rates As at 30 September 2021 The Group 2021 49,988,714 37,788,479 102,469,073 81,107,594 6,400,000 616,980,072 13,345,115 313,001,097 12,880,000 38,812 858,530 3,649,919 - - 10,787,912 6,240,651 - - - (19,000) - - - (19,000) - - - - (421,824) (932,379) (108,540) - (1,462,743) - - - 339,269 467,061 2,675,431 1,248,807 - - (4,730,568) - - 2,510,713 416,364 4,794,828 3,082,131 - 26,764,250 655,255 15,304,959 - 6,400,000 85,329,992 52,877,508 39,089,610 112,656,872 653,050,491 15,510,453 328,306,056 12,880,000 18,084,629 23,935,915 55,522,497 11,918,505 - 207,933,109 - 98,471,563 - 2,697,129 3,451,940 9,538,350 4,936,105 93,092 36,850,547 - 16,133,931 - - (14,868) - - - (14,868) - - - - (267,678) (732,617) (107,770) - (1,108,065) - - - 925,310 295,381 1,300,157 633,641 - 8,336,009 - 5,181,520 - 93,092 17,380,481 21,707,068 27,400,690 65,628,387 251,996,732 - 119,787,014 - 6,306,908 67,949,511 31,170,440 11,688,920 47,028,485 401,053,759 15,510,453 208,519,042 12,880,000 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 RM9,820,198 (2021: RM10,012,699) 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.
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