Wah Seong Corporation Berhad Annual Report 2018

6 INVESTMENT PROPERTIES Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cost At 1 January 11,560 14,527 22,575 20,400 Additions 7,216 30 - - Transfer from/(to) property, plant and equipment 4 702 (2,997) 2,175 2,175 At 31 December 19,478 11,560 24,750 22,575 Accumulated depreciation and impairment loss At 1 January 2,220 3,330 1,288 938 Depreciation charge for the financial year 346 236 273 236 Transfer from/(to) property, plant and equipment 4 291 (1,346) 124 114 At 31 December 2,857 2,220 1,685 1,288 Carrying amount at 31 December 16,621 9,340 23,065 21,287 Fair value 68,964 45,853 39,827 41,977 Fair value of investment properties is categorised as follows: Level 1 Level 2 Level 3 Total Group RM’000 RM’000 RM’000 RM’000 2018 Land - - 40,008 40,008 Buildings - - 28,956 28,956 - - 68,964 68,964 2017 Land - - 12,166 12,166 Buildings - - 33,687 33,687 - - 45,853 45,853 Company 2018 Buildings - - 39,827 39,827 2017 Buildings - - 41,977 41,977 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 ANNUAL REPORT 2018 117