163 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 3. PROPERTY, PLANT AND EQUIPMENT (CONT’D) Computer Equipment Furniture and Office and Fittings Software Equipment Total RM’000 RM’000 RM’000 RM’000 Company Cost At 1 January 2023 3 40 7 50 Additions - 261 6 267 At 31 December 2023 3 301 13 317 Additions - 78 2 80 Written off - (4) - (4) At 31 December 2024 3 375 15 393 Accumulated depreciation At 1 January 2023 -* 4 -* 4 Charge for the financial year 1 48 3 52 At 31 December 2023 1 52 3 56 Charge for the financial year -* 87 3 90 Written off - -* (1) (1) At 31 December 2024 1 139 5 145 Net carrying amount At 31 December 2024 2 236 10 248 At 31 December 2023 2 249 10 261 * Amount is negligible (i) The Directors are of the opinion that unreasonable expenses would be incurred in segregating the costs of the freehold land and buildings separately. (ii) Included in renovations are the provisions for restoration costs based on the estimated costs to restore the leased areas at the end of their respective lease term. (iii) 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 RM15,670,000 (2023: RM15,813,000) are pledged to secured banking facilities granted to the Group as disclosed in Note 16 to the financial statements.
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