FY 2011 Annual Report - Sheng Siong

58 Sheng Siong Annual Report 2011
Notes to the Financial Statements
5 Property, plant and equipment – Group
Office
equipment,
Leasehold
Plant and furniture and Motor
Construction
properties Renovations machinery fittings vehicles Computers in-progress Cold room Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Cost
At 1 January 2010 13,783 6,928 16,004 875 6,311 2,710 3,734 1,021 51,366
Additions – 373 2,074 21 24 242 35,657 – 38,391
Disposals – (1,049) (1,687) (62) – (56) – – (2,854)
At 31 December 2010 13,783 6,252 16,391 834 6,335 2,896 39,391 1,021 86,903
Additions 9,058 3,369 6,480 1,182 593 327 – 2,612 23,621
Transfer 35,578 351 – 193 – – (39,391) 3,269 –
Disposals – (375) (653) (33) (49) (309) – – (1,419)
Reclassification to non-current asset
held for sale (5,660) – – – – – – – (5,660)
At 31 December 2011 52,759 9,597 22,218 2,176 6,879 2,914 – 6,902 103,445
Accumulated depreciation
At 1 January 2010 1,744 5,203 11,146 610 5,134 2,147 – 1,021 27,005
Depreciation charge for the year 460 681 1,981 97 661 369 – – 4,249
Disposals – (1,019) (1,569) (58) – (33) – – (2,679)
At 31 December 2010 2,204 4,865 11,558 649 5,795 2,483 – 1,021 28,575
Depreciation charge for the year 1,400 868 2,431 220 468 278 – 490 6,155
Disposals – (355) (586) (31) (49) (283) – – (1,304)
Reclassification to non-current asset
held for sale (2,076) – – – – – – – (2,076)
At 31 December 2011 1,528 5,378 13,403 838 6,214 2,478 – 1,511 31,350
Carrying amount
At 1 January 2010 12,039 1,725 4,858 265 1,177 563 3,734 – 24,361
At 31 December 2010 11,579 1,387 4,833 185 540 413 39,391 – 58,328
At 31 December 2011 51,231 4,219 8,815 1,338 665 436 – 5,391 72,095