10. PROPERTY, PLANT AND EQUIPMENT Group Building Office equipment Furniture and fittings Motor vehicles Plant and machinery Total $’000 $’000 $’000 $’000 $’000 $’000 Cost Balance at 1 October 2022 (Restated) 35,299 1,386 795 949 16,280 54,709 Additions – 61 2 110 – 173 Disposals – – – (574) – (574) Liquidation of a subsidiary 355 (31) (25) (44) (101) 154 Currency realignments – (2) – (1) (9) (12) Balance at 30 September 2023 (Restated) 35,654 1,414 772 440 16,170 54,450 Additions 416 – 4 – – 420 Balance at 30 September 2024 36,070 1,414 776 440 16,170 54,870 Accumulated depreciation Balance at 1 October 2022 (Restated) 18,042 1,341 761 894 16,045 37,083 Depreciation 2,209 50 8 36 81 2,384 Disposal – – – (574) – (574) Liquidation of a subsidiary 70 (31) (24) (14) (98) (97) Currency realignments – (2) – (1) (9) (12) Balance at 30 September 2023 (Restated) 20,321 1,358 745 341 16,019 38,784 Depreciation 2,243 37 6 22 74 2,382 Balance at 30 September 2024 22,564 1,395 751 363 16,093 41,166 Accumulated impairment loss Balance at 1 October 2022, 30 September 2023 and 2024 2,486 – – – – 2,486 Net carrying amount At 1 October 2022 (Restated) 14,771 45 34 55 235 15,140 At 30 September 2023 (Restated) 12,847 56 27 99 151 13,180 At 30 September 2024 11,020 19 25 77 77 11,218 As at 30 September 2024, the Group’s buildings with carrying amounts of $10,170,000 located in Chin Bee Road and Fourth Chin Bee Road (2023: $12,847,000) has been pledged with banks for bank facilities (Note 28). As at 30 September 2024, building was revalued by an independent professional valuation firm, by reference to market evidence of recent transactions for similar properties. Management is of the view that no further impairment loss is required for the financial year ended 30 September 2024 and 2023. 92 KEONG HONG HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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