MSM Malaysia Holdings Berhad Annual Report 2020

17 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Furniture, Bearer fittings, plants – equipment Assets Oil Palm, Freehold Plant and and motor under Rubber and Group land Buildings machinery vehicles construction Mango Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2019 Cost At 1 January 2019 6,486 303,197 777,993 97,138 923,763 71,443 2,180,020 Additions - 73 1,351 1,012 19,129 2,129 23,694 Write-offs - (3,224) (41) (66) (358) - (3,689) Transfer to Assets Held for Sale (Note 29) - (7,530) (1,621) (2,958) - (73,572) (85,681) Reclassifications - 186,888 733,533 2,342 (922,763) - - At 31 December 2019 6,486 479,404 1,511,215 97,468 19,771 - 2,114,344 Accumulated depreciation At 1 January 2019 - 104,555 458,110 55,604 - 506 618,775 Charge for the financial year - 11,572 60,177 7,355 - 605 79,709 Write-offs - (2,166) (39) (40) - - (2,245) Transfer to Assets Held for Sale (Note 29) - (4,278) (1,397) (2,568) - (1,111) (9,354) At 31 December 2019 - 109,683 516,851 60,351 - - 686,885 Accumulated impairment At 1 January 2019 - 1,321 43 129 - - 1,493 Transfer to Assets Held for Sale (Note 29) - - (43) (60) - - (103) Impairment loss - 19,168 108,197 1,811 1,461 - 130,637 At 31 December 2019 - 20,489 108,197 1,880 1,461 - 132,027 Net book value At 31 December 2019 6,486 349,232 886,167 35,237 18,310 - 1,295,432 Included in the Group’s assets under construction during the financial year are finance costs capitalised amounting to RM1,095,000 (2019: RM7,670,000) (Note 10) applying a capitalisation rate of 3.36% (2019: 5.34%). MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 186 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT