NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 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 Rp million Rp million Rp million Group Cost At 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 and 1 January 2024 18,692,460 8,471,238 6,905,972 2,316,289 457,594 36,843,553 Additions 421,883 114,056 136,798 241,655 13,896 928,288 Reclassification (11,393) 2,336 (3,225) 661 206 (11,415) Disposals and write-off (477,178) (56,486) (6,533) (13,746) (6,165) (560,108) At 31 December 2024 18,625,772 8,531,144 7,033,012 2,544,859 465,531 37,200,318 Accumulated depreciation and impairment At 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 and 1 January 2024 7,904,866 4,329,430 4,705,230 1,887,799 433,871 19,261,196 Depreciation charge for the year 565,466 420,286 337,984 98,769 10,749 1,433,254 Reclassification (1,739) (14,756) (23,410) (4,091) (87) (44,083) Disposals and write-off (97,297) (28,418) (6,165) (12,335) (6,128) (150,343) Impairment 191,502 91,382 12,789 – 491 296,164 At 31 December 2024 8,562,798 4,797,924 5,026,428 1,970,142 438,896 20,796,188 Net carrying amount At 31 December 2023 10,787,594 4,141,808 2,200,742 428,490 23,723 17,582,357 At 31 December 2024 10,062,974 3,733,220 2,006,584 574,717 26,635 16,404,130 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. During the year, the Group identified the existence of impairment indicators on all the rubber plantations under Lonsum, upon consideration of the market environment, 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 Rp296.2 billion (2023: Rp183.4 billion) to fully reduce the carrying amount of rubber bearer plants and its’ related fixed assets to their estimated recoverable amounts. During the year, the Group recognised a write-off of oil palm bearer plants and its’ related fixed assets amounting to Rp401.4 billion (2023: Rp3.2 billion), upon consideration of the conditions of the oil palm plantations, production yield, and the outlook for these plantation estates. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 110
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