82 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 20 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Office Buildings, equipment, structures Plant tools and Assets Bearer Freehold and and Motor other under plants and land renovations machinery vehicles equipment construction livestock Total Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2020 Cost At 1 January 2020 49,364 2,847,391 3,770,755 383,660 275,736 467,375 5,063,366 12,857,647 Acquisition of subsidiary (Note 24(c)) 1,450 4,676 656 386 3,266 – 87 10,521 Additions – 6,970 36,712 42,561 19,843 83,673 278,552 468,311 Disposals – (32) (12,596) (589) (2,316) – (689) (16,222) Write offs – (2,102) (18,783) (18,001) (13,208) (2,058) (38,050) (92,202) Reclassification – 265,593 76,793 5,753 6,765 (354,904) – – Transfer from/(to) assets held for sale (Note 37) – 7,530 – – – (2,400) 73,572 78,702 Transfer to intangible asset (Note 23) – – – – – (3,786) – (3,786) Exchange differences (381) (4,576) (9,330) (251) (491) (154) (3,939) (19,122) At 31 December 2020 50,433 3,125,450 3,844,207 413,519 289,595 187,746 5,372,899 13,283,849 Accumulated depreciation/impairment At 1 January 2020 184 850,666 1,392,241 229,186 169,548 104,461 1,921,243 4,667,529 Charge for the financial year – 131,647 245,262 35,006 29,355 – 221,240 662,510 Impairment loss – 17,340 10,322 110 2,008 – 191,989 221,769 Disposals – (27) (12,594) (544) (2,277) – (69) (15,511) Write offs – (1,474) (15,345) (17,813) (12,635) – (10,603) (57,870) Reclassification – 136 (5) – (131) – – – Transfer from assets held for sale (Note 37) – 4,278 – – – – 1,111 5,389 Exchange differences – (2,238) (7,421) (216) (417) – (138) (10,430) At 31 December 2020 184 1,000,328 1,612,460 245,729 185,451 104,461 2,324,773 5,473,386 Net book value at 31 December 2020 50,249 2,125,122 2,231,747 167,790 104,144 83,285 3,048,126 7,810,463 Included in the additions of property, plant and equipment were RM33,365,000 (2020: RM31,680,000) in relation to capitalised finance cost for bearer plants at average finance rate of 3.42% (2020: 3.82%) per annum and RM880,000 (2020: RM1,095,000) in relation to capitalised borrowing costs for other qualifying assets at average finance rate of 2.82% (2020: 3.36%) per annum. Net book value of the property, plant and equipment pledged as security to borrowings amounted to RM265,173,000 (2020: RM272,969,000).
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