Wah Seong Corporation Berhad Annual Report 2020

119 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 4 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Group Freehold land and buildings Buildings Plant, machinery, tools and equipment Electrical installations, computer and office equipment, furniture and fittings Motor vehicles Renovation, yard development and store extension Capital work in progress Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2019 Cost At 1 January 122,367 314,407 1,338,804 109,929 15,487 69,994 27,474 1,998,462 Additions 11,954 1,175 36,351 3,291 1,123 2,288 6,100 62,282 Disposals - - (56,764) (409) (497) - - (57,670) Write-offs - (6) (34,463) (158) - (587) - (35,214) Reclassification - - 19,960 (15,590) - - (4,370) - Transfer to inventories - - (5,089) - - - (179) (5,268) Effect of exchange rate changes (79) (3,860) (20,721) (818) (53) (1,558) (297) (27,386) At 31 December 134,242 311,716 1,278,078 96,245 16,060 70,137 28,728 1,935,206 Accumulated depreciation and impairment loss At 1 January 9,335 142,318 830,340 93,214 13,272 59,917 18,479 1,166,875 Depreciation charge for the financial year 1,351 12,015 105,298 5,720 946 6,304 - 131,634 Impairment charge for the financial year - 22,893 11,791 - - - - 34,684 Disposals - - (18,933) (396) (497) - - (19,826) Write-offs - (6) (34,463) (136) - (587) - (35,192) Reclassification - - 11,692 (11,692) - - - - Transfer to inventories - - (120) - - - - (120) Effect of exchange rate changes - (2,073) (11,219) (593) (55) (1,540) (221) (15,701) At 31 December 10,686 175,147 894,386 86,117 13,666 64,094 18,258 1,262,354 Carrying amount at 31 December 123,556 136,569 383,692 10,128 2,394 6,043 10,470 672,852 The carrying amount of the Group’s property, plant and equipment amounting to RM32,933,000 (2019: RM42,119,000) are subject to operating leases and are classified under plant, machinery, tools and equipment.