MSM Malaysia Holdings Berhad Annual Report 2020

18 RIGHT-OF-USE ASSETS (CONTINUED) Leasehold Group land Building Total RM’000 RM’000 RM’000 2019 Cost At 1 January 2019 209,662 10,709 220,371 Transfer to asset held for sale (Note 29) (99,225) - (99,225) At 31 December 2019 110,437 10,709 121,146 Accumulated depreciation At 1 January 26,595 3,562 30,157 Charge for the financial year 3,159 1,375 4,534 Transfer to asset held for sale (Note 29) (17,687) - (17,687) At 31 December 2019 12,067 4,937 17,004 Accumulated impairment At 1 January 2019 - - - Charge for the financial year 7,968 - 7,968 At 31 December 2019 7,968 - 7,968 Net book value At 31 December 2019 90,402 5,772 96,174 Total cash outflow for leases of the Group is as follows: Group 2020 2019 RM’000 RM’000 Rental of short term assets 624 4,702 Principal payments of lease liabilities 221 1,301 Interest payment of lease liabilities 241 315 1,086 6,318 Net book value of the assets pledged as security to borrowings for the Group and Company is RM Nil (2019: RM81,589,000). MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 191 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING