/ . 8 3
A N N U A L R E P O R T 2 0 1 5
T H E S T R E N G T H O F O U R B R A N D S
1 2 .
P r ope r t y , P l an t and Equ i pmen t
group
Construction
in progress
Plant and
equipment
motor
vehicles renovations
Leasehold
property and
improvements
Total
$’000
$’000 $’000
$’000
$’000 $’000
Cost:
At 1 April 2013
16,297
734 2,240
914
7,451
27,636
Additions
1,715
397
1,466
52
54 3,684
Disposals
(1,765)
– (135)
–
(7,505)
(9,405)
At 31 March 2014
16,247
1,131
3,571
966
– 21,915
Additions
227
318 4,201
327
– 5,073
Disposals
–
(22)
(225)
–
– (247)
At 31 March 2015
16,474
1,427
7,547
1,293
– 26,741
accumulated depreciation:
At 1 April 2013
–
365
860
368
3,764 5,357
Depreciation for
the year
–
182
574
182
896 1,834
Disposals
–
– (133)
–
(4,660)
(4,793)
At 31 March 2014
–
547
1,301
550
– 2,398
Depreciation for
the year
–
296
959
197
– 1,452
Disposals
–
(22)
(132)
–
– (154)
At 31 March 2015
–
821
2,128
747
– 3,696
net book value:
At 1 April 2013
16,297
369 1,380
546
3,687 22,279
At 31 March 2014
16,247
584 2,270
416
– 19,517
At 31 March 2015
16,474
606 5,419
546
– 23,045
Notes:
(a) Depreciation expense is included under administrative expenses.
(b) Certain items are under finance lease agreements (see Note 20C).
(c) Construction in progress includes the acquisition costs of 7 and 9 Chang Charn Road of $16,474,000. The amount of accumulated interest
capitalised is $402,003 (2014:$177,668).
(d) The leasehold property and leasehold properties under construction in progress are mortgaged as security for the bank facilities (see
Note 20A).
(e) In 2014, EuroSports Auto Pte Ltd sold its leasehold interest in respect of 30 Teban Gardens Crescent Singapore 608927 on 17 March 2014
(see Note 21A).
