p17n63qg7jmbh1r4fin71pds1p454.pdf

A12
A12
| PROPERTY, PLAnT AnD EQUIPMEnT|
Unit Trust Corporation Annual Report 2012
Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
5) PROPERTY, PLANT AND EQUIPMENT
Year ended 31 Dec. 2012
Land Building
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
Office
Improvement
Motor
Vehicles
Office &
Computer
Equipment
Office
Furniture TOTAL
$’000 $’000 $’000 $’000 $’000 $’000 $’000
Opening net Book Value 16,161 112,652 25,646 3,367 21,111 5,385 184,322
Additions - - 840 - 2,359 348 3,547
Reclassifications - - (12) - 14 (2) -
Disposals - - (151) (163) (215) (3) (532)
Depreciation/Amortisation (21) (2,809) (4,923) (806) (5,564) (954) (15,077)
Closing Net Book Value 16,140 109,843 21,400 2,398 17,705 4,774 172,260
As at 31 Dec. 2012
- -
Cost
Accumulated Depreciation/
16,569 139,427 46,565 6,258 61,423 20,928 291,170
Amortisation (429) (29,584) (25,165) (3,860) (43,718) (16,154) (118,910)
Net Book Value 16,140 109,843 21,400 2,398 17,705 4,774 172,260
Year ended 31 Dec. 2011
Opening net Book Value 16,183 115,461 25,215 3,880 19,518 5,969 186,226
Additions - - 4,553 790 7,486 365 13,194
Reclassification - - (30) - (99) 129 -
Disposals - - (2) (330) (205) (35) (572)
Depreciation/Amortisation (22) (2,809) (4,090) (973) (5,589) (1,043) (14,526)
Closing Net Book Value 16,161 112,652 25,646 3,367 21,111 5,385 184,322
As at 31 Dec. 2011
Cost
Accumulated Depreciation/
16,292 139,427 46,668 6,658 64,266 19,085 292,396
Amortisation (131) (26,775) (21,022) (3,291) (43,155) (13,700) (108,074)
Net Book Value 16,161 112,652 25,646 3,367 21,111 5,385 184,322
Land
Land includes leasehold land of $2.2 million and freehold land of
$14.4 million.
Fair Value Land and Buildings
The fair value of Land and Buildings was estimated at $187.5
million at 31 December, 2012 (2011: $187.5 million). Land and
buildings are independently valued every three years.