194 MKH BERHAD | ANNUAL REPORT 2023 14. INVESTMENT PROPERTIES The Group 2023 2022 RM RM At beginning of year 367,376,000 344,241,000 Transfer from inventories (Note 22) - 17,749,731 Transfer from property, plant and equipment (Note 10) 6,070,636 - Fair value gains from transfer of inventories to investment properties (Note 6) - 2,950,269 Fair value gains from transfer of property, plant and equipment to investment properties (Note 6) 2,803,098 - Changes in fair values (Note 6) (893,000) 2,435,000 Effect of movements in exchange rate 12,266 - At end of year 375,369,000 367,376,000 Included in the above are: The Group 2023 2022 RM RM Freehold land and buildings - at fair value Freehold land 48,600,000 47,740,000 Buildings 75,732,000 76,425,000 124,332,000 124,165,000 Leasehold land and buildings - at fair value Leasehold land with unexpired lease period of more than 50 years 70,900,000 70,900,000 Buildings 180,137,000 172,311,000 251,037,000 243,211,000 375,369,000 367,376,000 Fair value measurement disclosures for investment properties are disclosed in Note 46. Included in the above are land and buildings amounting to RM178,230,000 (2022: RM190,280,000) pledged for credit facilities granted to subsidiaries as disclosed in Note 33. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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