KENANGA ANNUAL REPORT 2021

Kenanga Investment Bank Berhad Annual Report 2021 228 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Group Freehold land RM’000 Building RM’000 Motor vehicles RM’000 Computer hardware RM’000 Office equipment RM’000 Furniture and fittings RM’000 Renovations RM’000 Capital work-inprogress RM’000 Total RM’000 2020 Cost At 1 January 2020 81,910 46,830 5,928 30,581 27,255 45,592 32,259 2,562 272,917 Additions - - 1,042 3,466 278 149 891 2,506 8,332 Reclassification - - - 191 126 154 548 (3,089) (2,070) Disposals/write-off - - (162) (5,187) (28) (18,035) (5) - (23,417) At 31 December 2021 81,910 46,830 6,808 29,051 27,631 27,860 33,693 1,979 255,762 Accumulated depreciation At 1 January 2020 - 3,500 5,618 21,963 14,258 37,172 19,956 - 102,467 Depreciation charge for the financial year (Note 33) - 937 210 4,272 2,122 1,514 2,726 - 11,781 Disposals/write-off - - (162) (5,187) (28) (18,035) (4) - (23,416) At 31 December 2020 - 4,437 5,666 21,048 16,352 20,651 22,678 - 90,832 Net carrying amount At 31 December 2020 81,910 42,393 1,142 8,003 11,279 7,209 11,015 1,979 164,930 Notes to the Financial Statements 31 December 2021

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