Kimlun Corporation Berhad Annual Report 2018

12. Property, plant and equipment (cont'd) Assets held under the name of a joint venture company Included herein are motor vehicles with carrying amount of RM6,619 (31.12.2017: RM24,669; 1.1.2017: RM43,167) held under the name of a joint venture company. Assets held under finance leases During the financial year, the Group acquired property plant and equipment with an aggregate cost of RM42,180,938 (2017: RM59,278,207) by means of finance leases. The cash outflow on acquisition of property, plant and equipment amounted to RM21,749,363 (2017: RM18,764,143). The carrying amount of property, plant and equipment held under finance leases at the reporting date were as follows: Group 31.12.2018 31.12.2017 1.1.2017 RM RM RM Plant, machinery and motor vehicles 95,457,213 56,705,566 20,100,991 Leased assets are pledged as security for the related finance lease liabilities (Note 22). Leasehold land is pledged as security for bank loans and borrowings (Note 22). 13. Investment properties Group 2018 2017 RM RM Cost At 1 January 8,211,944 5,637,194 Addition - 2,574,750 Disposal (884,000) - At 31 December 7,327,944 8,211,944 Accumulated depreciation At 1 January 210,120 - Charge for the year (Note 7) 110,172 210,120 Disposal (19,153) - At 31 December 301,139 210,120 Net carrying amount At 31 December 7,026,805 8,001,824 Fair value of the investment properties as at 31 December 2018 was RM9,348,000 (31.12.2017:RM10,026,000; 1.1.2017: RM6,060,000). 14. Other investments Group 31.12.2018 31.12.2017 1.1.2017 RM RM RM Club memberships, at cost 75,000 75,000 75,000 Quoted equity shares outside Malaysia, representing total financial assets at fair value through profit or loss - 294,669 180,431 75,000 369,669 255,431 Fair values of quoted equity shares are determined by reference to published price quotations in an active market. Annual Report 2018 96 For the financial year ended 31 December 2018 (cont’d) NOTES TO THE FINANCIAL STATEMENTS