Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS annual report 2019 133 3. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Office equipment, Motor furniture Computer Company vehicles and fittings equipment Total RM’000 RM’000 RM’000 RM’000 Cost At 1 January 2018 207 75 89 371 Additions - 2 52 54 At 31 December 2018/1 January 2019 207 77 141 425 Additions - 5 69 74 Transfer to a subsidiary - - (10) (10) At 31 December 2019 207 82 200 489 Accumulated depreciation At 1 January 2018 104 74 87 265 Depreciation charge 51 1 20 72 At 31 December 2018/1 January 2019 155 75 107 337 Depreciation charge 52 1 38 91 Transfer to a subsidiary - - (7) (7) At 31 December 2019 207 76 138 421 Carrying amounts At 1 January 2018 103 1 2 106 At 31 December 2018 52 2 34 88 At 31 December 2019 - 6 62 68 (a) The freehold land and buildings of the Group amounting to approximately RM23,105,000 (2018: RM23,238,000) have been pledged to licensed banks as security for banking facilities granted to the Group as disclosed in Note 18 to the financial statements. (b) Included in the property, plant and equipment of the Group at the end of the previous reporting period were certain motor vehicles and other office equipment with total carrying amounts of RM314,000, which were acquired under finance lease terms. These assets had been pledged as security for the related finance lease liabilities of the Group as disclosed in Note 18 to the financial statements.