Page 132 - HRC_Annual_Report_2023

130 About HRC Value Creation Management Discussion Leadership
& Analysis

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

12 DIRECTORS’ REMUNERATION
2023 2022
RM’000 RM’000
Fees 1,900 1,956
Allowances 22 25

1,922 1,981

Indemnity insurance for Directors and Officers of the Company during the financial year amounted to RM72,000
(2022: RM49,000).

13 PROPERTY, PLANT AND EQUIPMENT
Plant,
machinery,
equipment
Freehold Land and motor Work-in-
land improvements Buildings vehicles progress Total
2023 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Cost or deemed cost
At 1 January 46,219 14,299 99,791 4,948,763 24,693 5,133,765
Additions - - - - 276,525 276,525
Write-offs - - - (163,604) - (163,604)
Reclassification 316 - - 279,709 (280,025) -
At 31 December 46,535 14,299 99,791 5,064,868 21,193 5,246,686

Accumulated depreciation
At 1 January - 13,662 69,472 2,762,742 - 2,845,876
Charge for the financial year - 101 2,426 132,234 - 134,761
Write-offs - - - (163,604) - (163,604)
At 31 December - 13,763 71,898 2,731,372 - 2,817,033

Accumulated impairment losses
At 1 January - - - 220,561 12,108 232,669

At 31 December - - - 220,561 12,108 232,669
Carrying amount
At 31 December 46,535 536 27,893 2,112,935 9,085 2,196,984