Kenanga Investment Bank Berhad Annual Report 2021 230 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Bank 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 5,733 27,855 26,080 43,085 28,864 2,443 262,800 Additions - - 1,043 3,064 245 140 858 1,606 6,956 Reclassification - - - - - - - (2,070) (2,070) Disposals/write-off - - (162) (5,187) (28) (18,035) (5) - (23,417) At 31 December 2020 81,910 46,830 6,614 25,732 26,297 25,190 29,717 1,979 244,269 Accumulated depreciation At 1 January 2020 - 3,500 5,424 19,539 13,542 35,542 18,543 - 96,090 Depreciation charge for the financial year (Note 33) - 937 210 4,020 2,022 1,345 2,424 - 10,958 Disposals/write-off - - (162) (5,187) (28) (18,035) (4) - (23,416) At 31 December 2020 - 4,437 5,472 18,372 15,536 18,852 20,963 - 83,632 Net carrying amount At 31 December 2020 81,910 42,393 1,142 7,360 10,761 6,338 8,754 1,979 160,637 * Capital work-in-progress for computer software were categorised as plant and office equipment prior to 2020. Reclassification was made to transfer capital work-inprogress for computer software from plant and office equipment to intangible assets in 2021. Notes to the Financial Statements 31 December 2021
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