Sasbadi Annual Report 2020

SASBADI HOLDINGS BERHAD 94 FINANCIAL STATEMENTS (continued) 3. Property, plant and equipment (continued) Revaluation The Group’s condominiums, leasehold land and buildings are stated at Directors’ valuation which is supported by the professional valuation done in February 2018 by an external independent valuation company, KGV International Property Consultants (M) Sdn. Bhd., using the Market Value basis of valuation. Had the condominiums, leasehold land and buildings been carried at historical cost less accumulated depreciation, the carrying amounts of the revalued assets that would have been included in the financial statements at the end of the financial year are as follows: Group 2020 2019 RM’000 RM’000 Condominiums 198 207 Leasehold land 2,940 3,003 Buildings 8,410 8,645 11,548 11,855 Security Certain land and buildings of the Group with carrying amounts of RM37,542,000 (2019: RM46,354,000) were charged to banks as security for banking facilities granted to the Group (see Note 17). 4. Investment properties Buildings RM’000 Group Cost At 1 September 2018/31 August 2019/1 September 2019/ 31 August 2020 2,640 Accumulated depreciation At 1 September 2018 108 Charge for the year 52 At 31 August 2019/1 September 2019 160 Charge for the year 54 At 31 August 2020 214 Carrying amounts At 1 September 2018 2,532 At 31 August 2019/1 September 2019 2,480 At 31 August 2020 2,426