- 100 years Plant and machinery 3 - 50 years Lines and distribution mains 10 - 50 years Distribution services 25 years Meters 10 - 15 years Public lighting 15 - 25 years Furniture, fittings and office equipment 3 - 15 years Motor vehicles 5 - 20 years Residual values and useful lives of assets are reviewed and adjusted if appropriate, on an annual basis. At the end of the reporting period, the Group and the Company assess whether there is any indication of impairment. If such indications exist, an analysis is performed to assess whether the carrying amount of the asset is fully recoverable. An impairment loss is recognised if the carrying amount exceeds the recoverable amount (Note 3(c)). As at 1.1.2023 RM’million Effect of changes in foreigncurrencies RM’million Acquisition of subsidiaries RM’million Additions RM’million Disposals RM’million Transfers/ Adjustments/ Reclassification/ Write offs RM’million As at 31.12.2023 RM’million 2023 Group Cost Freehold land 3,387.8 0 0 234.5 (0.1) 79.8 3,702.0 Buildings and civil works 26,721.5 0 0 21.3 (0.5) 185.5 26,927.8 30,109.3 0 0 255.8 (0.6) 265.3 30,629.8 Plant and machinery 98,243.9 531.5 1,489.7 517.2 (198.8) 3,150.2 103,733.7 Lines and distribution mains 56,866.5 0 0 301.1 (62.8) 3,207.0 60,311.8 Distribution services 5,612.1 0 0 14.2 0 339.1 5,965.4 Meters 4,320.9 0 0 6.5 (110.3) 391.0 4,608.1 Public lighting 2,215.4 0 0 0 0 196.1 2,411.5 Furniture, fittings and office equipment 4,265.4 0 0 311.8 (20.3) (29.9) 4,527.0 Motor vehicles 865.4 0 0 37.3 (17.8) (5.1) 879.8 202,498.9 531.5 1,489.7 1,443.9 (410.6) 7,513.7 213,067.1 Capital work-in-progress 12,295.6 0 0 9,314.9 (10.2) (7,100.3) 14,500.0 214,794.5 531.5 1,489.7* 10,758.8 (420.8) 413.4 227,567.1 * It relates to the acquisition of Spark Renewables, Dullarbtons and Elipsgeen as subsidiaries of the Group during the current financial year as disclosed in Note 48. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 221 5 PROPERTY, PLANT AND EQUIPMENT (‘PPE’) (CONTINUED) As at 1.1.2023