KENANGA ANNUAL REPORT 2020

211 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Bank 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 5,803 57,670 25,898 43,826 28,605 939 291,481 Transfer * - - - (34,216) - - - - (34,216) Additions - - - 5,408 119 214 238 2,365 8,344 Reclassification - - - 861 612 (669) 57 (861) - Disposals/write-off - - (70) (1,868) (549) (286) (36) - (2,809) At 31 December 2019 81,910 46,830 5,733 27,855 26,080 43,085 28,864 2,443 262,800 Accumulated depreciation At 1 January 2019 - 2,563 5,299 37,921 11,628 34,904 16,035 - 108,350 Transfer * - - - (19,534) - - - - (19,534) Depreciation charge for the financial year (Note 33) - 937 195 3,020 1,995 1,404 2,495 - 10,046 Reclassification - - - - 467 (513) 46 - - Disposals/write-off - - (70) (1,868) (548) (253) (33) - (2,772) At 31 December 2019 - 3,500 5,424 19,539 13,542 35,542 18,543 - 96,090 Net carrying amount At 31 December 2019 81,910 43,330 309 8,316 12,538 7,543 10,321 2,443 166,710 * Computer hardware, computer software and office equipment were categorised as plant and office equipment prior to 2019. Reclassification was made to transfer computer software from plant and office equipment to intangible assets in 2019.