Wah Seong Corporation Berhad Annual Report 2021 129 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 4 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) 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 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2020 Cost At 1 January 134,242 311,716 1,278,078 96,245 16,060 70,137 28,728 1,935,206 Additions 108 2,199 12,125 2,057 483 211 35,646 52,829 Disposals - (45,083) (119,135) (1,829) (450) (791) - (167,288) Write-offs - - (76,429) (187) - (1,053) - (77,669) Reclassification 9,468 (1,387) 2,043 3,973 29 306 (14,432) - Transfer to inventories - - (1,009) - - - - (1,009) Disposal of a subsidiary (57) (3,724) (12,432) (834) (57) (663) - (17,767) Effect of exchange rate changes 163 596 16,807 (178) 20 3,226 (1,119) 19,515 At 31 December 143,924 264,317 1,100,048 99,247 16,085 71,373 48,823 1,743,817 Accumulated depreciation and impairment loss At 1 January 10,686 175,147 894,386 86,117 13,666 64,094 18,258 1,262,354 Depreciation charge for the financial year 1,575 11,193 55,577 4,619 858 1,671 - 75,493 Impairment charge for the financial year - 5,998 158,047 - - - - 164,045 Disposals - (37,899) (58,779) (1,744) (442) (132) - (98,996) Write-offs - - (75,915) (169) - (303) - (76,387) Reclassification - (1,387) (216) 1,851 - (248) - - Transfer to inventories - - (668) - - - - (668) Disposal of a subsidiary (83) (1,892) (11,643) (701) (57) (232) - (14,608) Effect of exchange rate changes - 390 5,663 (208) 8 3,163 (257) 8,759 At 31 December 12,178 151,550 966,452 89,765 14,033 68,013 18,001 1,319,992 Carrying amount at 31 December 131,746 112,767 133,596 9,482 2,052 3,360 30,822 423,825 The carrying amount of the Group’s property, plant and equipment amounting to RM26,091,000 (2020: RM32,933,000) are subject to operating leases and are classified under plant, machinery, tools and equipment.
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