KENANGA ANNUAL REPORT 2017

17. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Bank 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 6,177 42,453 39,574 703 24,974 4,874 119,255 Additions 81,910 46,330 5 30,816 1,159 – 238 14,853 175,311 Acquisition due to merger – – 375 581 – – – – 956 Reclassification – – – 1,449 (27) – 1 (1,424) (1) Disposals/write-off – – – (6,313) (579) – (2,599) – (9,491) At 31 December 2016 81,910 46,830 6,557 68,986 40,127 703 22,614 18,303 286,030 Accumulated depreciation At 1 January 2016 – 141 5,357 35,455 33,151 703 12,720 – 87,527 Depreciation charge for the financial year (Note 33) – 550 470 6,400 1,769 – 2,130 – 11,319 Reclassification – – – 9 (9) – – – – Disposals/write-off – – – (2,189) (236) – (1,122) – (3,547) At 31 December 2016 – 691 5,827 39,675 34,675 703 13,728 – 95,299 Net carrying amount At 31 December 2016 81,910 46,139 730 29,311 5,452 – 8,886 18,303 190,731 Kenanga Investment Bank Berhad 31 December 2017 140 notes to the financial statements