Tropicana Corporation Berhad Annual Report 2020

14. DIVIDENDS Dividends in respect Dividends recognised of financial year in financial year 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 Group and Company First interim dividend for 2020: First interim single-tier share dividend paid by way of distribution of treasury shares on the basis of 4.5 treasury shares for every 100 existing ordinary shares held in the Company 53,829 – 53,829 – First interim dividend for 2019: First interim single-tier dividend of 2.78 sen per ordinary share paid by way of cash – 39,963 – 39,963 Second interim dividend for 2019: Second interim single-tier share dividend paid by way of distribution of treasury shares on the basis of 3 treasury shares for every 100 existing ordinary shares held in the Company – 38,171 – 38,171 53,829 78,134 53,829 78,134 The directors do not recommend a final dividend in respect of the financial year ended 31 December 2020. 15. PROPERTY, PLANT AND EQUIPMENT Office furniture, Freehold Freehold Leasehold Construction Golf Plant and fittings and Motor Bearer land buildings buildings in-progress course machineries equipment vehicles plants 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 2020 74,671 302,683 242,208 200,082 54,123 34,752 101,712 13,722 – 1,023,953 Additions – 6,893 169 55,406 63 1,774 18,741 432 548 84,026 Disposals – – – – – (194) (882) (727) – (1,803) Write off – – – – – (3,258) (7,509) (12) – (10,779) Transfer from property development costs (Note 16(b)) – – – – – – 1,693 – – 1,693 Reclassification – 222,830 27,568 (255,056) 308 1,313 1,276 – 1,761 – Transfer from investment properties (Note 17) – – 11,326 – – – – – – 11,326 Transfer to right-of-use assets (Note 35(a)) – – – – – – (474) (1,409) – (1,883) Adjustments 1 – (28,443) – – – – – – – (28,443) At 31 December 2020 74,671 503,963 281,271 432 54,494 34,387 114,557 12,006 2,309 1,078,090 Accumulated depreciation At 1 January 2020 – 8,072 71,785 – 21,743 30,637 65,081 10,914 – 208,232 Depreciation (Note 9) – 6,556 8,480 – 951 1,492 9,831 942 – 28,252 Disposals – – – – – (194) (758) (485) – (1,437) Write off – – – – – (3,245) (7,445) (12) – (10,702) Transfer to right-of-use assets (Note 35(a)) – – – – – – (162) (1,056) – (1,218) Reclassification – 9,391 (9,391) – – – – – – – At 31 December 2020 – 24,019 70,874 – 22,694 28,690 66,547 10,303 – 223,127 Accumulated impairment losses At 1 January 2020 – 50,536 – 231 – – – – – 50,767 Impairment loss (Note 9) – 33,650 – – – – – – – 33,650 At 31 December 2020 – 84,186 – 231 – – – – – 84,417 Carrying amount 74,671 395,758 210,397 201 31,800 5,697 48,010 1,703 2,309 770,546 1 During the financial year, the Group has finalised certain costs incurred for one of its freehold buildings and arising therefrom, RM28,443,000 (2019: RM5,858,000) was adjusted against other payables. NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 212 213