notes to the financial statements - Far East Orchard Limited
notes to the financial statements - Far East Orchard Limited
notes to the financial statements - Far East Orchard Limited
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NOTES TO THE FINANCIAL STATEMENTS<br />
For <strong>the</strong> <strong>financial</strong> year ended 31 December 2008<br />
22. Property, plant and equipment<br />
58<br />
Freehold<br />
and<br />
leasehold<br />
land<br />
Freehold<br />
and<br />
leasehold<br />
buildings<br />
Plant,<br />
equipment,<br />
furniture<br />
and fittings<br />
Mo<strong>to</strong>r O<strong>the</strong>r<br />
vehicles assets Total<br />
$’000 $’000 $’000 $’000 $’000 $’000<br />
(a) The Group<br />
2008<br />
Cost or valuation<br />
Beginning of <strong>financial</strong> year<br />
Cost - - 33,912 123 3,212 37,247<br />
Valuation 482,333 150,303 - - - 632,636<br />
482,333 150,303 33,912 123 3,212 669,883<br />
Additions - - 2,127 - 783 2,910<br />
Disposals - - (69) - - (69)<br />
Transfers - - 990 - (990) -<br />
Adjustment on revaluation 60,261 (3,834) - - - 56,427<br />
End of <strong>financial</strong> year 542,594 146,469 36,960 123 3,005 729,151<br />
Representing:<br />
Cost - - 36,960 123 3,005 40,088<br />
Valuation 542,594 146,469 - - - 689,063<br />
542,594 146,469 36,960 123 3,005 729,151<br />
Accumulated depreciation<br />
Beginning of <strong>financial</strong> year - - 27,197 123 1,955 29,275<br />
Depreciation charge (Note 5) 2,157 3,622 1,469 - 19 7,267<br />
Disposals - - (68) - - (68)<br />
Adjustment on revaluation (2,157) (3,622) - - - (5,779)<br />
End of <strong>financial</strong> year - - 28,598 123 1,974 30,695<br />
Net book value<br />
End of <strong>financial</strong> year 542,594 146,469 8,362 - 1,031 698,456<br />
ANNUAL REPORT 2008 ORCHARD PARADE HOLDINGS LIMITED
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