Tropicana Corporation Berhad Annual Report 2019

17. INVESTMENT PROPERTIES Freehold Leasehold land and land and Construction buildings buildings in-progress Total RM’000 RM’000 RM’000 RM’000 Group At 1 January 2019 178,733 314,436 81,563 574,732 Additions – 346,581 54,353 400,934 Fair value adjustment: - (loss)/gain (Note 9) – (871) 197 (674) Transfer from property development costs (Note 16(b)) – 522,019 3,723 525,742 Transfer to assets classified as held for sale (Note 27) (30,000) (45,700) – (75,700) Disposals – (48,000) – (48,000) At 31 December 2019 148,733 1,088,465 139,836 1,377,034 At 1 January 2018 205,281 273,960 80,858 560,099 Additions – 185 705 890 Adjustments 1 – (3,548) – (3,548) Fair value adjustment: - (loss)/gain (Note 6) (3,748) 35,170 – 31,422 Transfer from property development costs (Note 16(b)) – 44,969 – 44,969 Transfer to assets classified as held for sale (Note 27) (22,800) (36,300) – (59,100) At 31 December 2018 178,733 314,436 81,563 574,732 1 In the previous financial year, the Group has finalised certain costs incurred for the investment properties amounting to RM3,548,000. In the previous financial year, finance costs capitalised under investment properties under construction amounted to RM178,000. The carrying amounts of the investment properties pledged as securities for bank borrowings as disclosed in Note 32 are as follows: Group 2019 2018 RM’000 RM’000 Freehold land and buildings 132,000 162,000 Leasehold land and buildings 1,087,500 225,300 Construction in-progress 57,872 – 1,277,372 387,300 For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 174 About Tropicana Our Strategic Performance Our Leadership