96 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 20 RIGHT-OF-USE ASSETS (CONTINUED) Group Leasehold 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 Total RM’000 2021 Cost At 1 January 2021 2,574,881 265,804 50,192 3,489 - 2,894,366 Additions 4,752 3,620 4,200 5,156 - 17,728 Remeasurement of lease contracts (45,772) - - - - (45,772) Write offs (250) - - - - (250) Reclassification 20,803 (27,396) - - 6,593 - Transfer to asset held for sale (Note 36) (10,573) - - - - (10,573) Currency translation differences 322 - 1,872 - - 2,194 At 31 December 2021 2,544,163 242,028 56,264 8,645 6,593 2,857,693 Accumulated depreciation/impairment At 1 January 2021 397,719 167,482 29,553 33 - 594,787 Charge for the financial year 43,872 17,321 6,323 1,309 - 68,825 Write offs (65) - - - - (65) Reversal of impairment (319) - - - - (319) Reclassification 3,980 (7,984) - - 4,004 - Transfer to asset held for sale (Note 36) (2,891) - - - - (2,891) Currency translation differences 148 - 1,124 - - 1,272 At 31 December 2021 442,444 176,819 37,000 1,342 4,004 661,609 Net book value at 31 December 2021 2,101,719 65,209 19,264 7,303 2,589 2,196,084 As at 31 December 2022, the carrying amount of right-of-use assets under land arrangements with FELDA amounted to RM121,340,000 (2021: RM125,165,000). FELDA is in the midst of applying the land titles from respective state authorities.
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