DEFINING DESIGN
QUALITY
66
13.
Property, plant and equipment (cont’d)
Office
equipment,
computers
and software
Motor
vehicles
Furniture
and fittings Renovations
Total
Company
$’000
$’000
$’000
$’000
$’000
Cost
At 1 January 2013
322
7
43
207
579
Additions
101
–
2
18
121
Disposals/write-offs
(3)
–
–
–
(3)
At 31 December 2013
420
7
45
225
697
Additions
73
–
2
62
137
Disposals/write-offs
(44)
–
(7)
(163)
(214)
At 31 December 2014
449
7
40
124
620
Accumulated depreciation
At 1 January 2013
221
2
11
128
362
Depreciation charge for the year
51
1
5
44
101
Disposals/write-offs
(3)
–
–
–
(3)
At 31 December 2013
269
3
16
172
460
Depreciation charge for the year
66
1
5
44
116
Disposals/write-offs
(44)
–
(6)
(160)
(210)
At 31 December 2014
291
4
15
56
366
Net carrying amount
At 31 December 2013
151
4
29
53
237
At 31 December 2014
158
3
25
68
254
Depreciation expense is charged as follows:
Group
2014
$’000
2013
$’000
Cost of sales
480
388
Operating expenses
2,083
1,629
Total
2,563
2,017
During the reporting year ended 31 December 2014, the Group acquired property, plant and equipment with an
aggregate fair value of $2,425,000 (2013: $4,597,000), of which $Nil (2013: $47,000) was acquired bymeans of finance
leases. Cash payments of $2,425,000 (2013: $4,550,000) were made to purchase property, plant and equipment.
Assets held under finance leases
As at 31 December 2014, the Group had motor vehicles held under finance leases with an aggregate net carrying
amount of $74,000 (2013: $125,000).
Assets pledged as securities
In addition to motor vehicles held under finance leases, the Group’s freehold land and buildings with an aggregate
net carrying amount of $1,951,000 (2013: $1,984,000) and $2,043,000 (2013: $2,124,000) respectively are pledged as
securities for certain banking facilities granted (Note 27).
Notes to the Financial Statements
31 December 2014
