MKH Berhad 155 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 INTANGILE ASSETS (CONT’D) 12. Other intangible asset Other intangible asset represents expenditure incurred to construct a commuter station for Perbadanan Aset Keretapi (“PAK”) in consideration for the right to lease a plot of land from PAK for a period of 60 years (2021: 60 years) as disclosed in Note 11. The total estimated construction costs of the commuter station is approximately RM59,528,646 (2021: RM59,629,206). The status of the construction is as disclosed in Note 37. The above is leasehold land with remaining unexpired lease period ranging from 15 years to 27 years (2021: 16 to 28 years). The leasehold land of RM20,134,476 (2021: RM36,792,579) are pledged as security for credit facilities granted to the Group as disclosed in Note 33. 12.2 2022 RM 2021 RM The Group 9,158,204 2,176,148 45,735,470 54,893,674 Capitalised development At end of year At beginning of year Additions 57,069,822 54,893,674 PREPAID LEASE PAYMENTS 13. 2022 RM 2021 RM The Group At beginning of year Amortisation for the financial year (Note 6) At end of year 40,640,831 39,333,616 (1,517,601) (1,527,030) Effect of movements in exchange rate 436,533 219,815 41,721,899 40,640,831 INVESTMENT PROPERTIES 14. 2022 RM 2021 RM The Group At beginning of year Transfer from inventories (Note 22) At end of year 344,241,000 367,376,000 - 17,749,731 Fair value gains from transfer of inventories to investment properties (Note 6) - 2,950,269 Changes in fair values (Note 6) (5,015,000) 2,435,000 349,256,000 344,241,000
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