KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 189 ANNUAL REPORT 2018 17. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Freehold land Building Motor vehicles Plant and office equipment Furniture and fittings Research library Renovations Capital work-in- progress Total Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2017 Cost At 1 January 2017 81,910 46,830 6,737 71,744 41,178 703 23,833 18,308 291,243 Adjustment* - - - - - - - (1,628) (1,628) Additions - - - 5,106 3,654 - 6,059 2,633 17,452 Reclassification - - - 3,934 3,716 - 2,200 (9,850) - Disposals/write-off (Note 24) - - (105) (4,304) (3,382) (703) (2,758) (5,717) (16,969) At 31 December 2017 81,910 46,830 6,632 76,480 45,166 - 29,334 3,746 290,098 Accumulated depreciation At 1 January 2017 - 691 6,005 41,928 35,630 703 14,569 - 99,526 Adjustment - - - (1,628) - - - - (1,628) Depreciation charge for the financial year (Note 33) - 936 402 7,346 1,901 - 2,569 - 13,154 Disposals/write-off - - (105) (4,217) (3,275) (703) (2,496) - (10,796) At 31 December 2017 - 1,627 6,302 43,429 34,256 - 14,642 - 100,256 Net carrying amount At 31 December 2017 81,910 45,203 330 33,051 10,910 - 14,692 3,746 189,842 * Adjustment was made to reflect net book value of assets transferred from an information technology outsourcing company which was recorded at cost in previous year.