192 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 14. PROPERTY, PLANT AND EQUIPMENT (Contd.) Company Office equipment RM’000 Cost At 31 December 2021/31 December 2022 19 Accumulated depreciation: At 1 January 2021 15 Charge for the year (Note 10) 3 At 31 December 2021/1 January 2022 18 Charge for the year (Note 10) 1 At 31 December 2022 19 Net carrying amount: At 31 December 2022 - At 31 December 2021 1 Assets pledged as security In addition to assets held under hire purchase, certain Group’s property, plant and equipment amounting to RM470,000 (2021: RM621,000) are pledged as security to financial institutions as security for loans and borrowings, as disclosed in Note 31. 15. SERVICE CONCESSION ASSETS Group 2022 RM’000 2021 RM’000 Cost At beginning of the year 996,828 - Additions - 996,828 Adjustment related to project cost - net (2,127) - At end of the year 994,701 996,828 Accumulated amortisation At beginning of the year 332,149 - Amortisation charge for the financial year (Note 10) 330,653 332,149 At end of the year 662,802 332,149 Net carrying amount 331,899 664,679
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