2018 UEM Edgenta Annual Report

14. LAND HELD FOR PROPERTY DEVELOPMENT Development Land expenditure Total RM’000 RM’000 RM’000 Group At cost At 1 January 2017/31 December 2017/31 December 2018 830 6,674 7,504 Accumulated impairment At 1 January 2017 353 6,036 6,389 Impairment loss recognised in profit or loss (Note 7) – 638 638 At 31 December 2017/31 December 2018 353 6,674 7,027 Carrying amount at 31 December 2017/31 December 2018 477 – 477 15. PREPAID LAND LEASE PAYMENTS Group 2018 2017 RM’000 RM’000 Cost At 1 January/31 December 4,320 4,320 Accumulated amortisation At 1 January 1,257 1,170 Amortisation for the year (Note 7) 87 87 At 31 December 1,344 1,257 Net carrying amount 2,976 3,063 Amount to be amortised Not later than one year 87 87 Later than one year but not later than five years 348 348 Later than five years 2,541 2,628 Leasehold land with an aggregate carrying value of RM2.1 million (2017: RM2.2 million) are pledged as securities for banking facilities (Note 29(d)). NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2018 Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 198