Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d) 123 13. Right-of-use assets (cont'd) Land and Machinery and buildings equipment Total RM RM RM As at 1 January 2019 - - - Effect of adoption of MFRS 16 Leases (Note 2.2) 9,440,643 203,373 9,644,016 As at 1 January 2019 (Adjusted) 9,440,643 203,373 9,644,016 Additions (Note 24) 1,473,249 216,319 1,689,568 Depreciation for the year (Note 7) (3,490,741) (86,734) (3,577,475) Derecognition (1,659,728) (3,383) (1,663,111) As at 31 December 2019 5,763,423 329,575 6,092,998 The details of lease liabilities in respect of right-of-use assets are disclosed in Note 24. 14. Investment properties 2019 2018 RM RM Cost At 1 January 7,327,944 8,211,944 Additions 7,456 - Disposals (3,169,500) (884,000) At 31 December 4,165,900 7,327,944 Accumulated depreciation At 1 January 301,139 210,120 Charge for the year (Note 7) 129,483 110,172 Disposals (145,270) (19,153) At 31 December 285,352 301,139 Accumulated impairment loss At 1 January - - Additions (Note 7) 532,360 - At 31 December 532,360 - Net carrying amount At 31 December 3,348,188 7,026,805 Group Fair value of the investment properties as at 31 December 2019 was RM4,269,000 (2018: RM9,348,000). Set out below are the carrying amounts of right-of-use assets recognised and the movements during the year: