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 (continued)<br />
60<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 />
(b) The Company<br />
2008<br />
Cost or valuation<br />
Beginning of <strong>financial</strong> year<br />
Cost - - 23,739 49 2,996 26,784<br />
Valuation 315,857 83,948 - - - 399,805<br />
315,857 83,948 23,739 49 2,996 426,589<br />
Additions - - 790 - 760 1,550<br />
Disposals - - (39) - - (39)<br />
Transfers - - 990 - (990) -<br />
Adjustment on revaluation 45,022 (432) - - - 44,590<br />
End of <strong>financial</strong> year 360,879 83,516 25,480 49 2,766 472,690<br />
Representing:<br />
Cost - - 25,480 49 2,766 28,295<br />
Valuation 360,879 83,516 - - - 444,395<br />
360,879 83,516 25,480 49 2,766 472,690<br />
Accumulated depreciation<br />
Beginning of <strong>financial</strong> year - - 19,362 49 1,768 21,179<br />
Depreciation charge - 2,152 989 - - 3,141<br />
Disposals - - (37) - - (37)<br />
Adjustment on revaluation - (2,152) - - - (2,152)<br />
End of <strong>financial</strong> year - - 20,314 49 1,768 22,131<br />
Net book value<br />
End of <strong>financial</strong> year 360,879 83,516 5,166 - 998 450,559<br />
ANNUAL REPORT 2008 ORCHARD PARADE HOLDINGS LIMITED
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