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182 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

notes to the
financial statements
for the year ended 31 december 2022

9. INVESTMENT PROPERTIES AND LAND HELD FOR PROPERTY DEVELOPMENT
(a) Investment Properties

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000
Land And Building
Cost
at 1 January 8,326,575 8,108,224 235,261 235,261
addition 20,816 1,022,452 - -
disposal - (239,571) - -
adjustments - (1,266) - -
reclassification to assets held for sale - (566,929) - -
foreign exchange reserve (287,275) 3,665 - -
At 31 December 8,060,116 8,326,575 235,261 235,261

Accumulated Depreciation
at 1 January 936,825 825,089 8,768 7,307
depreciation charge 196,737 207,570 1,461 1,461
disposal - (42,681) - -
adjustments - 448 - -
reclassification to assets held for sale - (89,876) - -
foreign exchange reserve (36,430) 36,275 - -
At 31 December 1,097,132 936,825 10,229 8,768
Impairment
at 1 January 227,210 52,140 - -
impairment charge 166,496 175,833 - -
foreign exchange reserve (17,964) (763) - -
At 31 December 375,742 227,210 - -
Net Book Value As At 31 December 6,587,242 7,162,540 225,032 226,493

Fair Value As At 31 December 9,378,435 10,595,318 270,000 270,000

there is no restriction on the realisation of the investment properties as well as no contractual obligation to either
purchase, construct or develop investment properties or for the repairs, maintenance and enhancements of the
properties by the group and KWap.