FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 236 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (a) Bearer plants Bearer plants comprise oil palm and rubber trees. Immature bearer plants are capitalised in capital work in progress. Mature Immature Nursery RM'000 Total bearer plants RM'000 Group Oil palm RM'000 Rubber trees RM'000 Total RM'000 Oil palm RM'000 Rubber trees RM'000 Total RM'000 2016 Cost At 1 January, as previously reported - - - - - - - - Effects of change in accounting policy (Note 2(i)) 2,253,886 53,094 2,306,980 1,635,972 120,256 1,756,228 57,494 4,120,702 At 1 January, as restated 2,253,886 53,094 2,306,980 1,635,972 120,256 1,756,228 57,494 4,120,702 Acquisition of subsidiaries (Note 22(b)(i)) 187,074 - 187,074 13,936 - 13,936 - 201,010 Additions 9,343 - 9,343 294,252 27,408 321,660 37,545 368,548 Write offs (77,814) (10,698) (88,512) (470) - (470) - (88,982) Reclassification from/(to): - mature 235,580 5,727 241,307 (235,580) (5,727) (241,307) - - - planting - - - 52,733 - 52,733 (52,733) - Exchange differences - - - 4,637 - 4,637 - 4,637 At 31 December 2,608,069 48,123 2,656,192 1,765,480 141,937 1,907,417 42,306 4,605,915 Accumulated depreciation At 1 January, as previously reported - - - - - - - - Effects of change in accounting policy (Note 2(i)) 1,391,478 23,803 1,415,281 - - - - 1,415,281 At 1 January, as restated 1,391,478 23,803 1,415,281 - - - - 1,415,281 Charge for the financial year 231,147 2,273 233,420 - - - - 233,420 Write offs (71,064) (6,455) (77,519) - - - - (77,519) At 31 December 1,551,561 19,621 1,571,182 - - - - 1,571,182 Net book value at 31 December 2016 1,056,508 28,502 1,085,010 1,765,480 141,937 1,907,417 42,306 3,034,733