GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.82
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
13.
PROPERTY, PLANT AND EQUIPMENT
Group
Construction
in progress
Plant and
equipment
Motor
vehicles
Renovations
Total
$＊000
$＊000
$＊000
$＊000
$＊000
Cost:
At 1 April 2014
16,247
1,131
3,571
966
21,915
Additions
227
318
4,201
327
5,073
Disposals
每
(22)
(225)
每
(247)
At 31 March 2015
16,474
1,427
7,547
1,293
26,741
Additions
13
363
2,202
413
2,991
Disposals
每
每
(199)
每
(199)
At 31 March 2016
16,487
1,790
9,550
1,706
29,533
Accumulated depreciation:
At 1 April 2014
每
547
1,301
550
2,398
Depreciation for the year
每
296
959
197
1,452
Disposals
每
(22)
(132)
每
(154)
At 31 March 2015
每
821
2,128
747
3,696
Depreciation for
the year
每
384
1,075
181
1,640
Disposals
每
每
(120)
每
(120)
At 31 March 2016
每
1,205
3,083
928
5,216
Carrying value:
At 1 April 2014
16,247
584
2,270
416
19,517
At 31 March 2015
16,474
606
5,419
546
23,045
At 31 March 2016
16,487
585
6,467
778
24,317
Notes:
a) Depreciation expense is included under administrative expenses.
b) Certain items are under finance lease agreements (see Note 21C).
c) Construction in progress includes the acquisition costs of 7 and 9 Chang Charn Road, Singapore of $16,474,000. The amount of
accumulated interest capitalised is $402,003 (2015: $402,003).
d) The leasehold property and leasehold properties under construction in progress are mortgaged as security for the bank facilities (see
Note 21A).
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 22A).
