19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Group 2023 Freehold land RM’000 Buildings, structures and renovations RM’000 Plant and machinery RM’000 Motor vehicles RM’000 Office equipment, tools and other equipment RM’000 Assets under construction RM’000 Bearer plants and livestock RM’000 Total RM’000 Cost At 1 January 2023 51,955 3,266,432 4,098,833 554,580 383,337 329,903 5,608,934 14,293,974 Additions – 26,269 95,967 86,963 33,697 387,161 375,913 1,005,970 Disposals – (829) (5,317) (949) (8,797) – – (15,892) Write offs – (8,515) (23,782) (24,612) (7,546) (1,139) (89,719) (155,313) Reclassification – 114,542 196,483 (426) 10,119 (320,718) – – Transfer from asset held for sale (Note 36) – – 11,585 – – – – 11,585 Transfer to biological asset (Note 31) – – – – – (6,994) – (6,994) Disposal of subsidiaries (Note 23(c)) – (8,512) (894) (6,687) (1,114) (206) (118,478) (135,891) Exchange differences 941 355 23,839 398 1,018 754 7,478 34,783 At 31 December 2023 52,896 3,389,742 4,396,714 609,267 410,714 388,761 5,784,128 15,032,222 Accumulated depreciation/impairment At 1 January 2023 – 1,258,115 2,100,848 300,904 272,368 110,158 2,523,617 6,566,010 Charge for the financial year – 126,554 246,924 55,374 46,374 – 186,277 661,503 (Reversal of impairment)/impairment loss – (3,816) 27,737 – 321 – 57,066 81,308 Disposals – (579) (2,762) (922) (4,971) – – (9,234) Write offs – (3,219) (23,204) (23,644) (6,841) – (88,731) (145,639) Reclassification – (10,133) 14,910 (154) (4,623) – – – Transfer from asset held for sale (Note 36) – – 2,554 – – – – 2,554 Disposal of subsidiaries (Note 23(c)) – (5,719) (887) (5,898) (976) – (38,328) (51,808) Exchange differences – 116 16,704 303 933 – 1,183 19,239 At 31 December 2023 – 1,361,319 2,382,824 325,963 302,585 110,158 2,641,084 7,123,933 Net book value at 31 December 2023 52,896 2,028,423 2,013,890 283,304 108,129 278,603 3,143,044 7,908,289 Included in the additions of property, plant and equipment were RM49,325,000 (2023: RM33,924,000) in relation to capitalised finance cost for bearer plants at average finance rate of 5.5% (2023: 4.7%) per annum, RM2,241,000 (2023: RM2,224,000) in relation to capitalised borrowing costs for other qualifying assets at average finance rate of 4.5% (2023: 2.8%) per annum and RM24,791,000 (2023: nil) in unpaid balances included in other payables. Net book value of the property, plant and equipment pledged as security to borrowings amounted to RM264,556,000 (2023: RM260,627,000). 87 Notes to the Financial Statements For the financial year ended 31 December 2024
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