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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

18 RIGHT-OF-USE ASSETS (CONTINUED)
Leasehold
Group land Building Total
RM’000 RM’000 RM’000
2019

Cost
At 1 January 2019 209,662 10,709 220,371
Transfer to asset held for sale (Note 29) (99,225) - (99,225)
At 31 December 2019 110,437 10,709 121,146 191

Accumulated depreciation
At 1 January 26,595 3,562 30,157
Charge for the financial year 3,159 1,375 4,534
Transfer to asset held for sale (Note 29) (17,687) - (17,687)
At 31 December 2019 12,067 4,937 17,004

Accumulated impairment
At 1 January 2019 - - -
Charge for the financial year 7,968 - 7,968 MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
At 31 December 2019 7,968 - 7,968

Net book value
At 31 December 2019 90,402 5,772 96,174

Total cash outflow for leases of the Group is as follows:
Group
2020 2019
RM’000 RM’000
Rental of short term assets 624 4,702
Principal payments of lease liabilities 221 1,301
Interest payment of lease liabilities 241 315
1,086 6,318

Net book value of the assets pledged as security to borrowings for the Group and Company is RM Nil (2019: RM81,589,000).