KENANGA ANNUAL REPORT 2020

209 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Group Freehold land RM’000 Building RM’000 Motor vehicles RM’000 Computer hardware RM’000 Office equipment RM’000 Furniture and fittings RM’000 Renovations RM’000 Capital work-in- progress RM’000 Total RM’000 2019 Cost At 1 January 2019 81,910 46,830 5,983 59,397 26,840 45,382 31,539 1,257 299,138 Transfer * - - - (34,216) - - - - (34,216) Acquisition of subsidiary - - 15 852 36 746 137 - 1,786 Additions - - - 5,569 163 229 256 2,926 9,143 Reclassification - - - 861 793 (479) 446 (1,621) - Disposals/write-off - - (70) (1,882) (577) (286) (119) - (2,934) At 31 December 2019 81,910 46,830 5,928 30,581 27,255 45,592 32,259 2,562 272,917 Accumulated depreciation At 1 January 2019 - 2,564 5,477 39,331 12,263 35,927 17,254 - 112,816 Transfer * - - - (19,534) - - - - (19,534) Acquisition of subsidiary - - 15 816 20 487 20 - 1,358 Depreciation charge for the financial year (Note 33) - 936 196 3,231 2,084 1,524 2,753 - 10,724 Reclassification - - - - 467 (513) 46 - - Disposals/write-off - - (70) (1,881) (576) (253) (117) - (2,897) At 31 December 2019 - 3,500 5,618 21,963 14,258 37,172 19,956 - 102,467 Net carrying amount At 31 December 2019 81,910 44,266 506 8,618 12,997 8,420 12,303 2,562 170,450