MKH Annual Report 2024

Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 219 10. PROPERTY, PLANT AND EQUIPMENT (CONT’D) (b) Property, plant and equipment pledged as security for credit facilities granted to certain subsidiaries as disclosed in Note 33 are as follows: The Group 2024 2023 RM RM Cost/Valuation Buildings 20,500,000 20,500,000 Bearer plants 246,881,896 276,515,891 267,381,896 297,015,891 Net Carrying Amounts Buildings 18,222,080 18,791,560 Bearer plants 107,879,741 135,232,538 126,101,821 154,024,098 (c) Motor vehicles under hire-purchase arrangements are as follows: The Group 2024 2023 RM RM Cost 4,527,802 4,807,797 Net Carrying Amounts 2,497,248 2,878,609 (d) Bearer plants comprise oil palm trees. (e) Property, plant and equipment under construction are mainly immature bearer plants, construction of buildings, plant and machinery and plantation infrastructure in oil palm plantation. (f) The long-term leasehold land of the Group has remaining unexpired lease period of 65 years (2023: 66 years).

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