KENANGA ANNUAL REPORT 2017

17. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Group Freehold land RM’000 Building RM’000 Motor vehicles RM’000 Plant and office equipment RM’000 Furniture and fittings RM’000 Research library RM’000 Renovations RM’000 Capital work-in- progress RM’000 Total RM’000 2016 Cost At 1 January 2016 – 500 8,041 46,362 41,525 703 30,243 4,914 132,288 Additions 81,910 46,330 5 31,681 1,221 – 260 15,077 176,484 Acquisition due to merger – – 375 582 – – – – 957 Reclassification – – – 1,486 3 – 193 (1,683) (1) Disposals/write-off – – (1,684) (8,367) (1,571) – (6,863) – (18,485) At 31 December 2016 81,910 46,830 6,737 71,744 41,178 703 23,833 18,308 291,243 Accumulated depreciation At 1 January 2016 – 141 6,693 38,648 34,417 703 15,988 – 96,590 Depreciation charge for the financial year (Note 33) – 550 621 6,780 1,870 – 2,569 – 12,390 Reclassification – – – 9 (9) – – – – Disposals/write-off – – (1,309) (3,509) (648) – (3,988) – (9,454) At 31 December 2016 – 691 6,005 41,928 35,630 703 14,569 – 99,526 Net carrying amount At 31 December 2016 81,910 46,139 732 29,816 5,548 – 9,264 18,308 191,717 Kenanga Investment Bank Berhad 31 December 2017 138 notes to the financial statements