The Group KD Group and KD Group dd
The Group KD Group and KD Group dd
The Group KD Group and KD Group dd
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<strong>The</strong> <strong>Group</strong> <strong>KD</strong> <strong>Group</strong> Annual Report 2009<br />
Notes to Consolidated Financial Statements as at <strong>and</strong> for the year ended 31 December 2009<br />
7. Property, plant <strong>and</strong> equipment<br />
(in EUR)<br />
L<strong>and</strong> &<br />
buildings<br />
Vehicles &<br />
machinery<br />
Furniture,<br />
fittings &<br />
equipment<br />
As at 1 January 2008<br />
Cost 65,186,188 20,032,673 34,571,658 119,790,519<br />
Accumulated depreciation (13,344,007) (11,173,011) (11,406,491) (35,923,509)<br />
Carrying amount 51,842,181 8,859,662 23,165,167 83,867,010<br />
Year 2008<br />
Opening carrying amount 51,842,181 8,859,662 23,165,167 83,867,010<br />
Exchange differences (161,735) 408,345 (39,681) 206,929<br />
Acquisition of subsidiary (Note 32) - 465 - 465<br />
Disposal of subsidiary (Note 32) (10,059,739) (8,829,634) (13,926,064) (32,815,437)<br />
A<strong>dd</strong>itions 1,278,336 14,705,637 1,745,332 17,729,305<br />
Disposals (6,187,361) (109,245) (414,285) (6,710,891)<br />
Depreciation charge (895,166) (2,219,225) (2,657,317) (5,771,708)<br />
Transfer to investment property (20,202,004) (20,202,004)<br />
Closing carrying amount 15,614,512 12,816,005 7,873,152 36,303,669<br />
As at 31 December 2008<br />
Cost 18,956,006 18,959,446 16,088,552 54,004,004<br />
Accumulated depreciation (3,341,494) (6,143,441) (8,215,400) (17,700,335)<br />
Carrying amount 15,614,512 12,816,005 7,873,152 36,303,669<br />
Year 2009<br />
Opening carrying amount 15,614,512 12,816,005 7,873,152 36,303,669<br />
Exchange differences (124,395) (33,525) (351,282) (509,202)<br />
Acquisition of subsidiary (Note 32)<br />
Total<br />
339,521 13,096 45,134 397,751<br />
Disposal of subsidiary (Note 32)<br />
(160,540) (6,867) (55,282) (222,689)<br />
A<strong>dd</strong>itions 2,189,000 1,599,308 856,194 4,644,503<br />
Disposals (820,525) (432,351) (638,442) (1,891,318)<br />
Depreciation charge (221,427) (2,096,253) (1,279,621) (3,597,301)<br />
Transfer to investment property - - - -<br />
Closing carrying amount 16,816,146 11,859,413 6,449,853 35,125,413<br />
As at 31 December 2009<br />
Cost 21,261,685 18,800,467 15,167,259 55,229,411<br />
Accumulated depreciation (4,445,539) (6,941,054) (8,717,406) (20,103,999)<br />
Carrying amount 16,816,146 11,859,413 6,449,853 35,125,412<br />
Bank borrowings are collateralised by l<strong>and</strong> <strong>and</strong> buildings with a carrying amount of EUR 2,073,430 (2008: EUR 2,668,982).<br />
<strong>The</strong> value of property, plant <strong>and</strong> equipment under construction as at 31 December 2009 was EUR 394,145 (2008: EUR<br />
382,037).<br />
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