AUDITED FINANCIAL STATEMENTS 2022 85 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Group Freehold land RM’000 Buildings, structures and renovations RM’000 Plant and machinery RM’000 Motor vehicles RM’000 Office equipment, tools and other equipment RM’000 Assets under construction RM’000 Bearer plants and livestock RM’000 Total RM’000 2021 Cost At 1 January 2021 50,433 3,125,450 3,844,207 413,519 289,595 187,746 5,372,899 13,283,849 Additions - 30,908 53,447 53,311 38,541 170,247 253,928 600,382 Disposals - - - (13) (634) - - (647) Write offs - (2,215) (31,357) (6,622) (4,140) (914) (8,059) (53,307) Reclassification - 83,989 65,574 3,048 5,502 (158,113) - - Transfer to biological assets (Note 31) - - - - - - (2,248) (2,248) Exchange differences 680 1,434 15,414 19 658 (119) 2,910 20,996 At 31 December 2021 51,113 3,239,566 3,947,285 463,262 329,522 198,847 5,619,430 13,849,025 Accumulated depreciation/impairment At 1 January 2021 184 1,000,328 1,612,460 245,729 185,451 104,461 2,324,773 5,473,386 Charge for the financial year - 141,408 252,802 26,869 37,882 - 204,658 663,619 Impairment loss/(reversal of impairment) - 23,416 (2,259) - 147 - 38,610 59,914 Disposals - - - (13) (634) - - (647) Write offs - (1,648) (27,162) (3,656) (3,735) - (7,971) (44,172) Reclassification - (8,201) 6,938 (11) 1,274 - - - Transfer to biological assets (Note 31) - - - - - - (20) (20) Transfer to assets held for sale (Note 36) - - 11,300 - - - - 11,300 Exchange differences - 28 10,350 20 583 - 272 11,253 At 31 December 2021 184 1,155,331 1,864,429 268,938 220,968 104,461 2,560,322 6,174,633 Net book value at 31 December 2021 50,929 2,084,235 2,082,856 194,324 108,554 94,386 3,059,108 7,674,392 Included in the additions of property, plant and equipment were RM27,945,000 (2021: RM33,365,000) in relation to capitalised finance cost for bearer plants at average finance rate of 3.7% (2021: 3.42%) per annum and RM1,387,000 (2021: RM880,000) in relation to capitalised borrowing costs for other qualifying assets at average finance rate of 3.14% (2021: 2.82%) per annum. Net book value of the property, plant and equipment pledged as security to borrowings amounted to RM262,762,000 (2021: RM265,173,000).
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