Wah Seong Corporation Berhad Annual Report 2020

123 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 6 INVESTMENT PROPERTIES Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Cost At 1 January 12,179 19,478 24,750 24,750 Additions 117 - - - Disposals - (7,299) - - At 31 December 12,296 12,179 24,750 24,750 Accumulated depreciation and impairment loss At 1 January 2,839 2,857 1,958 1,685 Depreciation charge for the financial year 103 137 273 273 Impairment charge for the financial year 30 - - - Disposals - (155) - - At 31 December 2,972 2,839 2,231 1,958 Carrying amount at 31 December 9,324 9,340 22,519 22,792 Fair value 49,042 49,419 36,499 37,172 The carrying amount of the Group’s and the Company’s investment properties amounting to RM4,760,000 and RM18,561,000 respectively (2019: RM18,786,000 and RM4,880,000) are subject to operating leases. Fair value of investment properties is categorised as follows: Level 1 Level 2 Level 3 Total RM’000 RM’000 RM’000 RM’000 Group 2020 Land - - 16,158 16,158 Buildings - - 32,884 32,884 - - 49,042 49,042 2019 Land - - 16,158 16,158 Buildings - - 33,261 33,261 - - 49,419 49,419 Company 2020 Buildings - - 36,499 36,499 2019 Buildings - - 37,172 37,172