FGV Audited Financial Statements 2020

20 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Included in the additions of property, plant and equipment were RM31,680,000 (2019: RM47,123,000) in relation to capitalised finance cost for bearer plants at average finance rate of 3.82% (2019: 4.60%) per annum and RM1,095,000 (2019: RM7,264,000) in relation to capitalised borrowing costs for other qualifying assets at average finance rate of 3.36% (2019: 4.74%) per annum. Net book value of the property, plant and equipment pledged as security to borrowings amounted to RM272,969,000 (2019: RM279,335,000). (a) Bearer plants Bearer plants comprise oil palm, rubber trees and mango trees. Immature bearer plants are capitalised as capital work in progress. Mature Immature Group Oil palm RM’000 Rubber trees RM’000 Mango trees RM’000 Total RM’000 Oil palm RM’000 Rubber trees RM’000 Mango trees RM’000 Total RM’000 Nursery RM’000 Livestock RM’000 Total bearer plants RM’000 2020 Cost At 1 January 2020 3,947,887 55,735 - 4,003,622 925,103 116,389 - 1,041,492 17,818 434 5,063,366 Acquisition of subsidiaries - - - - - - - - - 87 87 Additions 5,235 - - 5,235 225,519 17,433 - 242,952 27,748 2,617 278,552 Disposal (355) - - (355) - - - - - (334) (689) Write offs (10,277) - - (10,277) - (27,243) - (27,243) - (530) (38,050) Reclassification from: - immature 262,887 20,579 - 283,466 (262,887) (20,579) - (283,466) - - - - planting - - - - 15,954 - - 15,954 (15,954) - - Transfer from asset held for sale 1,608 22,220 676 24,504 - 48,870 198 49,068 - - 73,572 Exchange differences (437) - - (437) (3,496) - - (3,496) (6) - (3,939) At 31 December 2020 4,206,548 98,534 676 4,305,758 900,193 134,870 198 1,035,261 29,606 2,274 5,372,899 87 Audited Financial Statements 2020