195 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 3 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Group Freehold land RM’000 Buildings RM’000 Plant, machinery, tools and equipment RM’000 Electrical installations, computer and office equipment, furniture and fittings RM’000 Motor vehicles RM’000 Renovation, yard development and store extension RM’000 Capital work in progress RM’000 Total RM’000 2023 Accumulated impairment loss At 1 January - 53,892 243,321 126 - - 19,717 317,056 Impairment charge for the financial year - - 1,847 - - - - 1,847 Disposals - - (5,675) - - - - (5,675) Write-offs - - - (126) - - (20,370) (20,496) Effect of exchange rate changes - 2,405 10,175 - - - 653 13,233 At 31 December - 56,297 249,668 - - - - 305,965 Carrying amount at 31 December 50,653 162,959 185,439 20,044 1,588 42,342 100,395 563,420 The carrying amount of the Group’s property, plant and equipment amounting to RM Nil (2023: RM14,231,000) are subject to operating leases as lessor and are classified under plant, machinery, tools and equipment.
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