Serba Dinamik Annual Report 2019

251 3. PROPERTY, PLANT AND EQUIPMENT - GROUP (CONTINUED) 3.1 Leased property, plant and equipment At 31 December 2018, the net carrying amount of leased plant and machinery and motor vehicles were RM6,501,000 and RM6,197,000 respectively. 3.2 Security As at 31 December 2019, buildings with a carrying amount of RM51,118,277 (2018: RM52,217,549) are charged as security for certain borrowings of the Group (see Note 18). As at 31 December 2019, land with a carrying amount of RM1,868,000 (2018: RM1,868,000) are charged as security for certain borrowings of the Group (see Note 18). 4. RIGHT-OF-USE ASSETS Tools and Motor Plant and Land use Land Buildings equipment vehicles machinery rights Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group At 1 January 2019, 23,815 4,262 2,181 6,045 4,781 196,544 237,628 recognition of right-of-use assets upon adoption of MFRS 16 Acquisitions through business combination [Note 32(b)] 8,000 - - - - - 8,000 Additions - - - 3,241 4,856 - 8,097 Depreciation (Note 22) ( 412) ( 1,628) ( 345) ( 2,484) ( 736) - ( 5,605) At 31 December 2019 31,403 2,634 1,836 6,802 8,901 196,544 248,120 ======== ======== ======== ======== ======== ======== ======== The Group leases a number of warehouses and residential premises that run between one year and three years with an option to renew the lease after that date. 4.1 Security At 31 December 2019, the land of the Group with carrying amount of RM20,798,307 (2018: RM20,814,596) are charged as security for certain borrowings of the Group (see Note 18). N O T E S T O T H E F I N A N C I A L S TAT E M E N T S