175 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) 37 3. PROPERTY, PLANT AND EQUIPMENT (CONT’D) Furniture and Fittings Computer Equipment and Software Office Equipment Total RM’000 RM’000 RM’000 RM’000 Company Cost At 1 January 2022 - - - - Additions 3 40 7 50 At 31 December 2022 3 40 7 50 Additions - 261 6 267 At 31 December 2023 3 301 13 317 Accumulated depreciation At 1 January 2022 - - - - Charge for the financial year -* 4 -* 4 At 31 December 2022 -* 4 -* 4 Charge for the financial year 1 48 3 52 At 31 December 2023 1 52 3 56 Net carrying amount At 31 December 2023 2 249 10 261 At 31 December 2022 3 36 7 46 * Amount is negligible The Directors are of the opinion that unreasonable expenses would be incurred in segregating the costs of the freehold land and buildings separately. Included in other assets are air conditioning and signage. Assets pledged as securities Freehold land and buildings of the Group with net carrying amount of RM15,813,000 (2022: RM15,958,000) are pledged to secured banking facilities granted to the Group as disclosed in Note 16 to the financial statements.
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