2019 UEM Edgenta Annual Report

196 197 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION Notes to the Financial Statements For the year ended 31 December 2019 Notes to the Financial Statements For the year ended 31 December 2019 UEM Edgenta Berhad Annual Report 2019 13. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) (a) The net carrying amounts of property, plant and equipment of the Group charged to a bank for banking facilities (Note 29(d)) are as follows: Group 2019 RM’000 2018 RM’000 Plant and equipment 67,095 65,726 (b) Net carrying amounts of plant and equipment held under finance lease arrangement are as follows: Group 2018 RM’000 Equipment 114 Details of the terms and conditions of the finance lease arrangement is disclosed in Note 30. (c) During the year, the Group and the Company acquired property, plant and equipment by way of: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Cash payment 68,435 50,163 3,592 722 Other payables 11,923 92 - 92 80,358 50,255 3,592 814 14. LAND HELD FOR PROPERTY DEVELOPMENT Land RM’000 Development expenditure RM’000 Total RM’000 Group At cost At 1 January 2018/31 December 2018/31 December 2019 830 6,674 7,504 Accumulated impairment At 1 January 2018/31 December 2018/31 December 2019 353 6,674 7,027 Carrying amount at 31 December 2018/31 December 2019 477 - 477 13. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Leasehold land RM’000 Buildings RM’000 Equipment, furniture, fittings, office equipment, motor vehicles and computers RM’000 Total RM’000 Company 2019 Cost At 1 January 2019 3,204 9,759 16,575 29,538 Adjustment upon adoption of MFRS 16 (3,204) - - (3,204) At 1 January 2019 - 9,759 16,575 26,334 Additions - - 3,592 3,592 At 31 December 2019 - 9,759 20,167 29,926 Accumulated depreciation and impairment loss At 1 January 2019 139 856 9,455 10,450 Adjustment upon adoption of MFRS 16 (139) - - (139) At 1 January 2019 - 856 9,455 10,311 Charge for the year (Note 7) - 195 3,151 3,346 At 31 December 2019 - 1,051 12,606 13,657 Net carrying amount - 8,708 7,561 16,269 2018 Cost At 1 January 2018 9,823 15,611 15,862 41,296 Additions - - 814 814 Disposals (3,899) (3,588) - (7,487) Written off (Note 7) - - (101) (101) Transfer to asset held for sale (Note 25) (2,720) (2,264) - (4,984) At 31 December 2018 3,204 9,759 16,575 29,538 Accumulated depreciation and impairment loss At 1 January 2018 1,163 2,160 6,739 10,062 Charge for the year (Note 7) 102 306 2,817 3,225 Disposals (749) (855) - (1,604) Written off (Note 7) - - (101) (101) Transfer to asset held for sale (Note 25) (377) (755) - (1,132) At 31 December 2018 139 856 9,455 10,450 Net carrying amount 3,065 8,903 7,120 19,088