KUB Malaysia Berhad Annual Report 2021

16. INVESTMENT PROPERTIES (cont’d) Freehold land and Leasehold buildings buildings Total Group RM’000 RM’000 RM’000 Cost As at 1 January 2019 29,033 1,725 30,758 Disposal of a subsidiary* (1,228) - (1,228) As at 31 December 2019 27,805 1,725 29,530 Accumulated depreciation and impairment losses As at 1 January 2019 Accumulated depreciation 10,271 183 10,454 Accumulated impairment losses 7,269 - 7,269 17,540 183 17,723 Depreciation charged for the year (Note 9) 394 30 424 As at 31 December 2019 Accumulated depreciation 10,665 213 10,878 Accumulated impairment losses 7,269 - 7,269 17,934 213 18,147 Net carrying amount 9,871 1,512 11,383 Fair value 26,000 2,500 28,500 * The disposal of a subsidiary consists of property under construction that has not been depreciated. Freehold buildings Company RM’000 Cost As at 1 January 2020 3,664 Transfer from property, plant and equipment (Note 15) 13,553 As at 30 June 2021 17,217 Accumulated depreciation As at 1 January 2020 366 Depreciation for the period (Note 9) 207 Transfer from property, plant and equipment (Note 15) 2,255 As at 30 June 2021 2,828 Net carrying amount 14,389 Fair value 24,650 97 ANNUAL REPORT 2021 FINANCIAL STATEMENTS