202 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 4. INVESTMENT PROPERTIES (CONT’D) Leasehold buildings RM’000 Company (cont’d) Accumulated depreciation At 1 January 2023 14,386 Charge for the financial year 3,452 Transfer to property, plant and equipment (719) Transfer from property, plant and equipment 3,221 At 31 December 2023 20,340 Charge for the financial year 3,528 Transfer from property, plant and equipment 959 At 31 December 2024 24,827 Carrying amount At 31 December 2024 151,491 At 31 December 2023 148,692 (a) The investment properties of the Group and of the Company are leased to customers under operating leases with monthly rental payments. The leases contain initial non- cancellable periods ranging from 1 to 3 years. As at the reporting date, the future minimum rental receivable under the non- cancellable operating leases are as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Within 1 year 3,462 1,721 7,340 6,228 Between 1 and 2 years 2,449 1,993 6,531 7,860 Between 2 and 3 years - - 363 - 5,911 3,714 14,234 14,088 (b) Certain investment properties have been pledged to a licensed bank as security for banking facilities granted to the Group and to the Company as disclosed in Note 26 to the financial statements. (c) Fair value measurement The fair value of the investment property of the Group and the Company was estimated by Directors based on recent transacted prices in the market of properties with similar condition and location. In estimating the fair value of the investment property, the highest and best use of the investment property is their current use. The fair value is within level 3 of the fair value of hierarchy.
RkJQdWJsaXNoZXIy NDgzMzc=