NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 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 2021 Accumulated depreciation and impairment loss At 1 January 12,178 151,550 966,452 89,765 14,033 68,013 18,001 1,319,992 Depreciation charge for the financial year 1,606 4,035 26,441 3,874 757 1,457 - 38,170 Impairment charge for the financial year - 4,243 - - - - - 4,243 Disposals - - (11,031) (2,410) (126) (1,464) - (15,031) Write-offs - - (2,404) (2,400) (55) (303) - (5,162) Reclassification - - (72) 72 - - - - Transfer to inventories - - (12,360) - - - - (12,360) Transfer to assets held for sale - (21,614) (509) (7,505) - - - (29,628) Transfer to right-of-use assets - (362) - - - - - (362) Effect of exchange rate changes - 3,451 10,848 1,343 131 (1,339) 634 15,068 At 31 December 13,784 141,303 977,365 82,739 14,740 66,364 18,635 1,314,930 Carrying amount at 31 December 129,802 65,732 122,492 7,344 1,489 2,431 105,484 434,774 The carrying amount of the Group’s property, plant and equipment amounting to RM261,000 (2021: RM26,091,000) are subject to operating leases as lessor and are classified under plant, machinery, tools and equipment. Wah Seong Corporation Berhad Annual Report 2022 134
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