Notes to the Financial Statements for the Financial Year Ended 30 September 2024 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 214 10. PROPERTY, PLANT AND EQUIPMENT (CONT’D) 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 RM13,098,687 (2023: RM9,261,076) 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. The Group 2024 Freehold land Long-term leasehold land Buildings Motor vehicles, plant and machinery Furniture, fittings and equipment Plantation infrastructure Bearer plants Under construction Total RM RM RM RM RM RM RM RM RM Analysis of Cost and Valuation At valuation - 2020 12,880,000 6,400,000 52,714,668 - - - - - 71,994,668 At cost - - 27,994,152 132,235,226 43,929,408 49,643,929 318,761,360 17,874,647 590,438,722 12,880,000 6,400,000 80,708,820 132,235,226 43,929,408 49,643,929 318,761,360 17,874,647 662,433,390 Net Carrying Amounts At valuation - 2020 12,880,000 6,027,632 40,911,789 - - - - - 59,819,421 At cost - - 13,098,687 53,384,421 10,119,585 22,159,497 160,047,474 17,874,647 276,684,311 12,880,000 6,027,632 54,010,47653,384,421 10,119,585 22,159,497 160,047,474 17,874,647 336,503,732
RkJQdWJsaXNoZXIy NDgzMzc=