Wah Seong Corporation Berhad Annual Report 2021 134 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 6 INVESTMENT PROPERTIES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Cost At 1 January 12,296 12,179 24,750 24,750 Additions 44 117 - - At 31 December 12,340 12,296 24,750 24,750 Accumulated depreciation and impairment loss At 1 January 2,972 2,839 2,231 1,958 Depreciation charge for the financial year 223 103 274 273 Impairment charge for the financial year 3,545 30 - - At 31 December 6,740 2,972 2,505 2,231 Carrying amount at 31 December 5,600 9,324 22,245 22,519 Fair value 48,413 49,042 35,402 36,499 The carrying amount of the Group’s and the Company’s investment properties amounting to RM5,073,000 and RM20,291,000 respectively (2020: RM4,760,000 and RM18,561,000) are subject to operating leases. Fair value of investment properties is categorised as follows: Level 1 Level 2 Level 3 Total Group RM’000 RM’000 RM’000 RM’000 2021 Land - - 16,158 16,158 Buildings - - 32,255 32,255 - - 48,413 48,413 2020 Land - - 16,158 16,158 Buildings - - 32,884 32,884 - - 49,042 49,042 Level 1 Level 2 Level 3 Total Company RM’000 RM’000 RM’000 RM’000 2021 Buildings - - 35,402 35,402 2020 Buildings - - 36,499 36,499
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