83
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
18.
Property, plant and equipment
(continued)
Office
Equipment
Computers Renovation Total
$’000
$’000
$’000
$’000
Company
2014
Cost
Beginning of financial year
1
38
24
63
Additions
1
46
–
47
End of financial year
2
84
24
110
Accumulated depreciation
Beginning of financial year
–
12
5
17
Depreciation charge
–
25
5
30
End of financial year
–
37
10
47
Net book value
End of financial year
2
47
14
63
2013
Cost
Beginning of financial year
–
26
22
48
Additions
1
12
2
15
End of financial year
1
38
24
63
Accumulated depreciation
Beginning of financial year
–
2
–
2
Depreciation charge
–
10
5
15
End of financial year
–
12
5
17
Net book value
End of financial year
1
26
19
46
Additions during the financial year included machinery and equipment and motor vehicles acquired
under finance leases amounting to $2,888,000 (2013: $12,947,000).
Building on leasehold land and construction in progress under construction loan amounting to
$27,232,000 (2013: $7,762,000)
The carrying amounts of machinery and equipment and motor vehicles held under finance leases
are $26,522,000 (2013: $26,678,000) at the balance sheet date.
Certain bank borrowings are secured by buildings on leasehold land of the Group with carrying
amounts of $66,685,000 (2013: $76,272,000) (Note 21).
