2019 UEM Edgenta Annual Report

198 Notes to the Financial Statements For the year ended 31 December 2019 15. PREPAID LAND LEASE PAYMENTS Group 2019 RM’000 2018 RM’000 Cost At 1 January 4,320 4,320 Adjustment upon adoption of MFRS 16 (4,320) - At 1 January/31 December - 4,320 Accumulated amortisation At 1 January 1,344 1,257 Adjustment upon adoption of MFRS 16 (1,344) - At 1 January 2019 - 1,257 Amortisation for the year (Note 7) - 87 At 31 December - 1,344 Net carrying amount - 2,976 Amount to be amortised Not later than one year - 87 Later than one year but not later than five years - 348 Later than five years - 2,541 As at 31 December 2018, leasehold land with an aggregate carrying value of RM2.1 million are pledged as securities for banking facilities (Note 29(d)).