Notes tothe financial statements For the financial year ended 31 December 2023 14. Property, plant and equipment Bearer plants Buildings and improvements Plant and machinery Heavy equipment, transportation equipment and vessels Furniture, fixtures and office equipment Total Rp million Rp million Rp million Rp million Rp million Rp million Group Cost At 1 January 2022 17,470,570 8,336,733 6,418,288 2,161,448 450,212 34,837,251 Additions 797,926 148,261 202,578 77,969 9,898 1,236,632 Reclassification (53,773) (51,778) 43,962 1,746 1,406 (58,437) Disposals and write-off (122,255) (5,723) (31,433) (13,137) (6,295) (178,843) At 31 December 2022 and 1 January 2023 18,092,468 8,427,493 6,633,395 2,228,026 455,221 35,836,603 Additions 608,063 118,319 213,681 100,256 8,040 1,048,359 Reclassification 1,314 (64,860) 65,599 (419) (1,589) 45 Disposals and write-off (9,385) (9,714) (6,703) (11,574) (4,078) (41,454) At 31 December 2023 18,692,460 8,471,238 6,905,972 2,316,289 457,594 36,843,553 Accumulated depreciation At 1 January 2022 6,570,934 3,527,858 4,057,447 1,738,073 415,736 16,310,048 Depreciation charge for the year 530,733 402,751 341,358 91,472 15,622 1,381,936 Reclassification – (5,885) (6,482) (2,168) 8 (14,527) Disposals and write-off (101,727) (3,461) (11,417) (11,224) (6,148) (133,977) Impairment 157,425 – – – – 157,425 At 31 December 2022 and 1 January 2023 7,157,365 3,921,263 4,380,906 1,816,153 425,218 17,700,905 Depreciation charge for the year 564,621 423,470 348,968 88,145 12,790 1,437,994 Reclassification – (9,044) (18,198) (5,040) (82) (32,364) Disposals and write-off (507) (6,259) (6,446) (11,459) (4,055) (28,726) Impairment 183,387 – – – – 183,387 At 31 December 2023 7,904,866 4,329,430 4,705,230 1,887,799 433,871 19,261,196 Net carrying amount At 31 December 2022 10,935,103 4,506,230 2,252,489 411,873 30,003 18,135,698 At 31 December 2023 10,787,594 4,141,808 2,200,742 428,490 23,723 17,582,357 Vessels are presented within the class of Heavy equipment and transportation equipment due to its similar nature of use, which is for the transportation of the Group’s commodities. The Group identified the existence of impairment indicators on certain rubber bearer plants upon consideration of the market environment, conditions of the rubber plantations, production yield and the outlook of these plantation estates and determined the recoverable amount based on fair value less costs of disposal (“FVLCD”), using discounted cash flow method. The Group recorded an impairment loss of Rp183.4 billion in 2023 (2022: Rp157.4 billion) to reduce the carrying amount of certain rubber bearer plants to their estimated recoverable amounts. For the remaining rubber bearer plants, management concluded that the recoverable amount was higher than their carrying amounts and hence no impairment loss was required. 105 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023
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