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 115 5 PREPAID LEASE PAYMENTS Unexpired period less than 50 years RM’000 Unexpired period 50 years and above RM’000 Total RM’000 Group 2017 Cost At 1 January - 136,103 136,103 Disposals - (33,481) (33,481) At 31 December - 102,622 102,622 Accumulated amortisation At 1 January - 15,181 15,181 Amortisation for the financial year - 1,509 1,509 Disposals - (4,652) (4,652) At 31 December - 12,038 12,038 Carrying amount at 31 December - 90,584 90,584 2016 Cost At 1 January 17,732 91,225 108,957 Additions - 27,146 27,146 Reclassification (17,732) 17,732 - At 31 December - 136,103 136,103 Accumulated amortisation At 1 January 5,704 7,899 13,603 Amortisation for the financial year - 1,578 1,578 Reclassification (5,704) 5,704 - At 31 December - 15,181 15,181 Carrying amount at 31 December - 120,922 120,922 The title deeds to certain leasehold land of the Group stated at a total carrying amount of approximately RM29,432,000 (2016: RM39,520,000) have yet to be issued by the relevant authorities.