Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS annual report 2019 131 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (v) Fair value measurements (continued) For financial reporting purposes, the fair value measurements are analysed into level 1 to level 3 as follows:- Level 1: Inputs are quoted prices (unadjusted) in active markets for identical assets or liability that the entity can access at the measurement date; Level 2: Inputs other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and Level 3: Inputs are unobservable inputs for the asset or liability. The transfer of fair value between levels is determined as of the date of the event or change in circumstances that caused the transfer. 3. PROPERTY, PLANT AND EQUIPMENT Office equipment, Capital Freehold Office Plant and Motor furniture Computer work-in- Group land Buildings renovations machinery vehicles and fittings equipment progress Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Cost At 1 January 2018 24,542 8,163 6,544 30,924 1,655 4,137 45,516 11,592 133,073 Acquisitions through business combinations - 1,014 566 - 1,375 454 1,053 54 4,516 Disposal of a subsidiary - - - - - (1) (4) - (5) Additions - - 147 - - 172 857 11,834 13,010 Disposals - - - (11,194) - (6) (51) - (11,251) Written off - - (336) - - (3) - - (339) Reclassifications - - 5 11,354 - 38 - (11,397) - Adjustment - - - - - - - 3,000 3,000 At 31 December 2018, as previously reported 24,542 9,177 6,926 31,084 3,030 4,791 47,371 15,083 142,004 Adjustment on initial application of MFRS 16 - - - - (682) - - - (682) At 1 January 2019, as restated 24,542 9,177 6,926 31,084 2,348 4,791 47,371 15,083 141,322 Additions - - 466 233 - 323 1,367 5,413 7,802 Disposals - - - - (968) (5) (15) - (988) Written off - - - (8,415) - (19) (829) (159) (9,422) Reclassifications (589) 589 6,362 - - - - (6,362) - Adjustment - - - - - - - (383) (383) At 31 December 2019 23,953 9,766 13,754 22,902 1,380 5,090 47,894 13,592 138,331