Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 110 4 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Group Note Freehold land and buildings RM’000 Long term leasehold buildings RM’000 Short term leasehold buildings RM’000 Plant, machinery, tools and equipment RM’000 Electrical installations, computer and office equipment, furniture and fittings RM’000 Motor vehicles RM’000 Renovation yard development and store extension RM’000 Capital work in progress RM’000 Total RM’000 2017 Accumulated depreciation and impairment loss At 1 January 7,306 66,368 102,950 708,150 73,501 12,468 15,148 - 985,891 Depreciation charge for the financial year 973 9,803 3,339 103,026 9,082 2,301 16,189 - 144,713 Impairment charge for the financial year - - - 53,549 70 - - 19,223 72,842 Disposals (7) (41,712) - (2,020) (182) (860) (38) - (44,819) Write-offs - - - (9) (1,113) (24) (346) - (1,492) Reclassifications - 9,195 (9,195) - - - - - - Transfer from investment properties 6 - 1,346 - - - - - - 1,346 Transfer to inventory - - - (517) - - - - (517) Transfer to assets held for sale (80) - - (7,934) - - - - (8,014) Effect of exchange rate changes - (2,290) (9,050) (47,193) (4,687) (352) (1,212) (1,068) (65,852) At 31 December 8,192 42,710 88,044 807,052 76,671 13,533 29,741 18,155 1,084,098 Carrying amount at 31 December 109,484 159,344 15,571 563,708 20,418 41,771 41,001 13,799 965,096