Press Metal Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS Cont’d 3. Property, plant and equipment cont’d Company Office equipment Motor vehicle Total RM’000 RM’000 RM’000 Cost At 1 January 2021/31 December 2021/1 January 2022/ 31 December 2022 38 45 83 Depreciation At 1 January 2021 3 23 26 Depreciation for the year 3 10 13 At 31 December 2021/1 January 2022 6 33 39 Depreciation for the year 9 4 13 At 31 December 2022 15 37 52 Carrying amounts At 1 January 2021 35 22 57 At 31 December 2021/1 January 2022 32 12 44 At 31 December 2022 23 8 31 3.1 Security At 31 December 2022, property, plant and equipment of the Group with an aggregate carrying amount of RM12,928,000 (2021: RM13,656,000) was pledged as security and as fixed and floating charges to secure bank facilities granted to its subsidiaries (see Note 17). PRESS METAL ALUMINIUM HOLDINGS BERHAD 237

RkJQdWJsaXNoZXIy NDgzMzc=