FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 235 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Group Freehold land RM'000 Leasehold 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 RM'000 Total RM'000 2015 (continued) Accumulated depreciation/ impairment At 1 January, as previously stated - 50,010 409,702 501,951 108,186 80,452 23 - 1,150,324 Effects of change in accounting policy (Note 2(i)) - - - - - - - 1,345,128 1,345,128 At 1 January, as restated - 50,010 409,702 501,951 108,186 80,452 23 1,345,128 2,495,452 Charge for the financial year - 26,030 129,930 217,722 46,220 38,421 685 160,783 619,791 Impairment loss 236 - 4,297 6,237 - 86 - - 10,856 Disposals - - (4,028) (642) (3,053) (5,172) - - (12,895) Write offs - (6,666) (12,515) (43,172) (18,234) (6,419) - (90,630) (177,636) Reclassification - 11,817 (9,682) 327 (2,605) 111 32 - - Reversal of impairment loss - (3,036) (77,975) (84,517) - (248) (25) - (165,801) Transfer from intangible asset (net) (Note 21) - - - - - 691 - - 691 Exchange differences - 12 16,085 49,916 460 5,488 68 - 72,029 Disposal of a subsidiary - - (86,525) (164,505) (3,077) (1,532) - - (255,639) At 31 December 236 78,167 369,289 483,317 127,897 111,878 783 1,415,281 2,586,848 Net book value at 31 December 2015 49,125 1,741,788 1,738,249 2,024,793 220,180 127,645 630,969 2,705,421 9,238,170 Included in the additions of property, plant and equipment were RM6,651,000 (2015: RM Nil) in relation to grant received from Government for plant and machinery, RM2,030,000 (2015: RM2,237,000) in relation to capitalised finance cost for bearer plants and RM Nil (2015: RM10,859,000) in relation to assets injected by a non-controlling interest. As at 31 December 2016, the carrying amount of property, plant and equipment under land arrangements with FELDA amounted to RM466,425,000 (2015: RM480,705,000). FELDA is in the midst of applying the land titles from respective state authorities. Net book value of the property, plant and equipment pledged as security to borrowings is to RM96,709,000 (2015: RM10,735,000).