FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 237 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (a) Bearer plants (continued) 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 2015 Cost At 1 January, as previously reported - - - - - - - - Effects of change in accounting policy (Note 2(i)) 2,170,835 58,221 2,229,056 1,527,244 96,270 1,623,514 50,697 3,903,267 At 1 January, as restated 2,170,835 58,221 2,229,056 1,527,244 96,270 1,623,514 50,697 3,903,267 Additions 12,664 - 12,664 238,989 27,467 266,456 33,545 312,665 Write offs (89,303) (8,608) (97,911) - - - - (97,911) Reclassification from/(to): - mature 159,690 3,481 163,171 (159,690) (3,481) (163,171) - - - planting - - - 26,748 - 26,748 (26,748) - Exchange differences - - - 2,681 - 2,681 - 2,681 At 31 December 2,253,886 53,094 2,306,980 1,635,972 120,256 1,756,228 57,494 4,120,702 Accumulated depreciation At 1 January, as previously reported - - - - - - - - Effects of change in accounting policy (Note 2(i)) 1,315,426 29,702 1,345,128 - - - - 1,345,128 At 1 January, as restated 1,315,426 29,702 1,345,128 - - - - 1,345,128 Charge for the financial year 158,878 1,905 160,783 - - - - 160,783 Write offs (82,826) (7,804) (90,630) - - - - (90,630) At 31 December 1,391,478 23,803 1,415,281 - - - - 1,415,281 Net book value at 31 December 2015 862,408 29,291 891,699 1,635,972 120,256 1,756,228 57,494 2,705,421