Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 7. Profit before tax (cont'd) The following items have been included in arriving at profit before tax (cont'd): 2020 2019 2020 2019 RM RM RM RM Depreciation of property, plant and equipment (Note 12) 39,889,588 50,562,841 - - Depreciation of right-of-use assets (Note 13) 3,467,747 3,577,475 - - Gain on disposal of property, plant and equipment (1,723,607) (310,801) - - (Gain)/loss on disposal of investment properties (109,704) 139,230 - - Loss on disposal of properties held for sale 58,938 140,294 - - Property, plant and equipment written off (Note 12) 195,162 248,634 - - Gain on derecognition of right-of-use assets (93,115) (60,880) - - Short term leases: - land and building 140,474 29,456 - - - office equipment 141,359 169,570 - - Impairment loss on investment in subsidiary - - 22,542 44,801 Impairment loss on investment properties (Note 14) - 532,360 - - Write down of land held for development (Note 19) 7,316,055 - - - Provision for obsolete inventories 33,631 236,706 - - Provision for defect liability costs (Note 26) 1,031,000 3,749,000 - - Depreciation of investment properties (Note 14) 53,439 129,483 - - Foreign exchange (gain)/loss - realised (1,890,098) (2,006,843) - - - unrealised 2,576,450 3,699,495 - - Group Company - 58 - 115 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020