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. 244 18. LAND HELD FOR PROPERTY DEVELOPMENT The Group 2024 2023 RM RM Freehold land At beginning of year 446,431,811 467,938,150 Additions 5,122,986 3,803,435 Disposal - (65,686) Reclassify from development cost - 44,813 Transfer to property development costs (Note 21) (100,035,308) (25,288,901) At end of year 351,519,489 446,431,811 Leasehold land At beginning of year 136,040,384 134,743,824 (Reversal)/Additions (500) (8,261,220) Transfer from property development costs (Note 21) - 9,557,780 At end of year 136,039,884 136,040,384 Total land 487,559,373 582,472,195 Development costs At beginning of year 292,621,138 282,286,393 Additions 30,359,137 13,496,831 Development expenditure expensed off (Note 6) (1,090,931) - Disposal - (106,897) Reclassify to freehold land - (44,813) Transfer to property development costs (Note 21) (25,067,796) (3,010,376) At end of year 296,821,548 292,621,138 Total land and development costs 784,380,921 875,093,333 Less: Accumulated impairment loss At beginning of year (5,460,091) (6,284,988) Reversal (Note 6) - 824,897 At end of year (5,460,091) (5,460,091) 778,920,830 869,633,242
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