Tropicana Corporation Berhad Annual Report 2019

For the financial year ended 31 December 2019 Notes to the Financial Statements 15. PROPERTY, PLANT AND EQUIPMENT Office furniture, Freehold Freehold Leasehold Leasehold Construction Golf Plant and fittings and Motor land buildings land buildings in-progress course machineries equipments vehicles Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group Cost At 1 January 2019 74,763 310,506 175,457 244,878 111,809 53,832 34,306 99,144 13,305 1,118,000 Effect of adoption of MFRS16 – – (175,457) – – – – – – (175,457) At 1 January 2019 (restated) 74,763 310,506 – 244,878 111,809 53,832 34,306 99,144 13,305 942,543 Additions 223 – – 1,714 39,334 291 640 6,247 1,535 49,984 Disposals – – – – – – – (2,273) (1,472) (3,745) Write off – (2,280) – (8,726) (1,172) – (194) (3,548) (8) (15,928) Transfer from property development costs (Note 16(b)) – – – – 50,111 – – – – 50,111 Acquisition of subsidiaries – – – 4,342 – – – 2,142 362 6,846 Reclassifications (315) 315 – – – – – – – – Adjustments 1 – (5,858) – – – – – – – (5,858) At 31 December 2019 74,671 302,683 – 242,208 200,082 54,123 34,752 101,712 13,722 1,023,953 Accumulated depreciation At 1 January 2019 – 2,120 38,988 70,890 – 20,801 29,412 57,945 10,835 230,991 Effect of adoption of MFRS16 – – (38,988) – – – – – – (38,988) At 1 January 2019 (restated) – 2,120 – 70,890 – 20,801 29,412 57,945 10,835 192,003 Depreciation (Note 9) – 5,952 – 8,281 – 942 1,412 9,322 1,259 27,168 Acquisition of subsidiaries – – – 1,161 – – – 2,137 212 3,510 Disposals – – – – – – – (2,113) (1,384) (3,497) Write off – – – (8,547) – – (187) (2,210) (8) (10,952) At 31 December 2019 – 8,072 – 71,785 – 21,743 30,637 65,081 10,914 208,232 Accumulated impairment losses At 1 January 2019 – – – – – – – – – – Impairment loss (Note 9) – 50,536 – – 231 – – – – 50,767 At 31 December 2019 – 50,536 – – 231 – – – – 50,767 Carrying amount 74,671 244,075 – 170,423 199,851 32,380 4,115 36,631 2,808 764,954 1 During the financial year, the Group has finalised certain costs incurred for one of its freehold buildings RM5,858,000 (2018: RM8,927,000) was adjusted against other payables. Tropicana Corporation Berhad Annual Report 2019 pg 168 About Tropicana Our Strategic Performance Our Leadership