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 112 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 2016 Accumulated depreciation and impairment loss At 1 January 6,143 58,885 39,453 593,257 67,495 11,698 12,325 11,562 800,818 Depreciation charge for the financial year 1,493 5,849 9,300 54,338 9,784 1,752 2,403 - 84,919 Impairment charge for the financial year - - 48,208 50,685 186 20 12 - 99,111 Disposals (58) (21) - (8,045) (318) (274) - - (8,716) Write-offs - (2) - (2,399) (1,464) - (153) (11,562) (15,580) Reclassifications (285) 285 - 77 (77) - - - - Transfer from investment properties 6 13 - - - - - - - 13 Disposal of a subsidiary - - - - (3,642) (844) - - (4,486) Effect of exchange rate changes - 1,372 5,989 20,237 1,537 116 561 - 29,812 At 31 December 7,306 66,368 102,950 708,150 73,501 12,468 15,148 - 985,891 Carrying amount at 31 December 111,516 142,360 24,038 381,671 20,025 3,626 10,977 87,446 781,659