Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 13. Right-of-use assets (cont'd) Land and Machinery and buildings equipment Total RM RM RM As at 1 January 2019 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 and 1 January 2020 5,763,423 329,575 6,092,998 Additions (Note 24) 4,827,584 - 4,827,584 Depreciation for the year (Note 7) (3,249,498) (218,249) (3,467,747) Derecognition (1,585,120) - (1,585,120) 5,756,389 111,326 5,867,715 The details of lease liabilities in respect of right-of-use assets are disclosed in Note 24. 14. Investment properties 2020 2019 RM RM Cost At 1 January 4,165,900 7,327,944 Additions - 7,456 Disposals (3,838,456) (3,169,500) At 31 December 327,444 4,165,900 Accumulated depreciation At 1 January 285,352 301,139 Charge for the year (Note 7) 53,439 129,483 Disposals (164,017) (145,270) At 31 December 174,774 285,352 Accumulated impairment loss At 1 January 532,360 - Additions (Note 7) - 532,360 Disposals (532,360) - At 31 December - 532,360 Net carrying amount At 31 December 152,670 3,348,188 Group Set out below are the carrying amounts of right-of-use assets recognised and the movements during the year: - 66 - 123 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020