FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 219 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 19 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 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 Nursery RM’000 Livestock RM’000 Total bearer plants RM’000 2018 Cost At 1 January 2018 3,277,147 35,316 397 3,312,860 1,170,029 164,531 368 1,334,928 50,754 656 4,699,198 Additions 452 - - 452 249,476 25,440 87 275,003 32,606 - 308,061 Write offs (56,173) - - (56,173) (372) - - (372) (3,381) (42) (59,968) Reclassification from: - immature 565,278 37,018 279 602,575 (565,278) (37,018) (279) (602,575) - - - - planting - - - - 37,282 - - 37,282 (37,282) - - Exchange differences (197) - - (197) (2,687) - - (2,687) 2 - (2,882) At 31 December 2018 3,786,507 72,334 676 3,859,517 888,450 152,953 176 1,041,579 42,699 614 4,944,409 Accumulated depreciation At 1 January 2018 1,554,507 13,255 16 1,567,778 - - - - - 449 1,568,227 Charge for the financial year 199,263 2,918 28 202,209 - - - - - 59 202,268 Impairment loss/(reversal) 83,196 (4,562) - 78,634 - - - - - - 78,634 Write offs (56,173) - - (56,173) - - - - - (30) (56,203) Exchange differences 1 - - 1 - - - - - - 1 At 31 December 2018 1,780,794 11,611 44 1,792,449 - - - - - 478 1,792,927 Net book value at 31 December 2018 2,005,713 60,723 632 2,067,068 888,450 152,953 176 1,041,579 42,699 136 3,151,482