FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 205 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 18 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (a) Bearer plants Bearer plants comprise oil palm, rubber trees and mango trees. Immature bearer plants are capitalised as capital work in progress. Group Mature Immature Nursery RM'000 Total bearer plants RM'000 Oil palm RM’000 Rubber trees RM'000 Mango trees RM'000 Total RM'000 Oil palm RM'000 Rubber trees RM'000 Mango trees RM'000 Total RM'000 2017 Cost At 1 January 2017 2,608,069 48,123 - 2,656,192 1,765,480 141,937 - 1,907,417 42,306 4,605,915 Additions 142,457 - - 142,457 27,596 23,448 765 51,809 40,685 234,951 Write offs (117,032) (13,661) - (130,693) - - - - (1,640) (132,333) Reclassification from: - immature 644,448 854 397 645,699 (644,448) (854) (397) (645,699) - - - planting - - - - 30,207 - - 30,207 (30,207) - Exchange differences (795) - - (795) (8,806) - - (8,806) (390) (9,991) At 31 December 2017 3,277,147 35,316 397 3,312,860 1,170,029 164,531 368 1,334,928 50,754 4,698,542 Accumulated depreciation At 1 January 2017 1,551,561 19,621 - 1,571,182 - - - - - 1,571,182 Charge for the financial year 118,210 2,064 16 120,290 - - - - - 120,290 Impairment loss - 4,562 - 4,562 - - - - - 4,562 Write offs (115,234) (12,992) - (128,226) - - - - - (128,226) Exchange differences (30) - - (30) - - - - - (30) At 31 December 2017 1,554,507 13,255 16 1,567,778 - - - - - 1,567,778 Net book value at 31 December 2017 1,722,640 22,061 381 1,745,082 1,170,029 164,531 368 1,334,928 50,754 3,130,764