KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 191 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 Bank 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 6,557 68,986 40,127 703 22,614 18,303 286,030 Adjustment* - - - - - - - (1,628) (1,628) Additions - - - 4,800 3,197 - 4,761 2,343 15,101 Reclassification - - - 3,932 3,679 - 1,977 (9,588) - Disposals/write-off (Note 24) - - (105) (3,700) (3,366) (703) (2,758) (5,717) (16,349) At 31 December 2017 81,910 46,830 6,452 74,018 43,637 - 26,594 3,713 283,154 Accumulated depreciation At 1 January 2017 - 691 5,827 39,675 34,675 703 13,728 - 95,299 Adjustment - - - (1,628) - - - - (1,628) Depreciation charge for the financial year (Note 33) - 936 402 7,106 1,844 - 2,391 - 12,679 Disposals/write-off (Note 24) - - (105) (3,611) (3,259) (703) (2,496) - (10,174) At 31 December 2017 - 1,627 6,124 41,542 33,260 - 13,623 - 96,176 Net carrying amount At 31 December 2017 81,910 45,203 328 32,476 10,377 - 12,971 3,713 186,978 * 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