PRG Holdings Berhad Annual Report 2020

Annual Report 2020 107 Notes to the Financial Statements 8. PROPERTY, PLANT AND EQUIPMENT (continued) Furniture, Long-term fittings Capital Freehold leasehold Plant and and office Motor work-in- land land Buildings machinery equipment vehicles progress Total Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Accumulated depreciation At 1 January 2019 - 1,658 11,891 42,857 2,642 1,245 - 60,293 Effects of adoption of MFRS 16 - (1,658) - (1,369) - (308) - (3,335) Acquisition of subsidiaries - - - 2,846 69 590 - 3,505 Depreciation charge for the financial year - - 1,072 2,481 490 29 - 4,072 Disposals - - - (23) (24) (240) - (287) Written off - - - (387) (4) - - (391) Reclassification from right-of-use assets - - - 989 - 241 - 1,230 Reclassification to assets held for sale - - (5,154) (11,911) (603) (81) - (17,749) Translation adjustments - - (105) (394) (11) (22) - (532) At 31 December 2019/1 January 2020 - - 7,704 35,089 2,559 1,454 - 46,806 Acquisition of a subsidiary - - - - 101 - - 101 Depreciation charge for the financial year - - 568 1,814 433 54 - 2,869 Disposals - - - (526) - (323) - (849) Reclassification from right-of-use assets - - - 756 - - - 756 Translation adjustments - - (29) 36 (6) 31 - 32 At 31 December 2020 - - 8,243 37,169 3,087 1,216 - 49,715 Carrying amount At 31 December 2019 1,009 - 17,446 5,379 1,812 153 - 25,799 At 31 December 2020 1,009 - 16,870 5,502 974 276 177 24,808 As at 31 December 2020, freehold land, long-term leasehold land, buildings and certain plant and machinery of the Group with a total carrying amount of RM15,824,000 (2019: RM16,225,000) are pledged to licensed banks as security for credit facilities granted to the Group as disclosed in Note 25(a) to the financial statements. 31 December 2020 cont’d