2008 Annual Report - Kenford Group Holdings Limited

Notes to the Financial Statements
For the year ended 31 March 2008
16. PROPERTY, PLANT AND EQUIPMENT
Group
Leasehold
Fixtures,
land and Leasehold Leasehold Furniture
buildings buildings improve- Plant and and Motor Construction
in Hong Kong in the PRC ments Machinery equipment vehicles Moulds in Progress Total
(Note (i), (iii)) (Note(ii), (iii)) (Note (iv)) (Note (iv))
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
Cost or valuation
At 1 April 2007 13,090 46,458 7,236 35,500 15,796 1,309 46,021 – 165,410
Additions – – 211 4,687 1,465 270 4,531 11,536 22,700
Disposals – – – (1,798) (126) – – – (1,924)
Reclassifi cation – – – – – – 327 (327) –
Surplus on revaluation 6,110 14,355 – – – – – – 20,465
Currency realignment – 1,387 176 313 135 58 6 526 2,601
At 31 March 2008 19,200 62,200 7,623 38,702 17,270 1,637 50,885 11,735 209,252
Comprising:
At cost – – 7,623 38,702 17,270 1,637 50,885 11,735 127,852
At valuation – 2008 19,200 62,200 – – – – – – 81,400
19,200 62,200 7,623 38,702 17,270 1,637 50,885 11,735 209,252
Accumulated depreciation
and impairment
At 1 April 2007 313 1,123 5,157 20,248 10,436 1,027 30,939 – 69,243
Charge for the year 313 1,135 684 3,424 2,401 97 5,789 – 13,843
Written back on disposals – – – (1,112) (117) – – – (1,229)
Eliminated on revaluation (626) (2,300) – – – – – – (2,926)
Currency realignment – 42 67 61 54 20 – – 244
At 31 March 2008 – – 5,908 22,621 12,774 1,144 36,728 – 79,175
Cost or valuation
At 1 April 2006 13,090 46,000 5,702 30,634 14,498 965 36,871 – 147,760
Additions – – 1,491 5,839 1,428 331 9,150 – 18,239
Disposals – – – (1,020) (157) – – – (1,177)
Currency realignment – 458 43 47 27 13 – – 588
At 31 March 2007 13,090 46,458 7,236 35,500 15,796 1,309 46,021 – 165,410
Comprising:
At cost – – 7,236 35,500 15,796 1,309 46,021 – 105,862
At valuation – 2007 13,090 46,458 – – – – – – 59,548
13,090 46,458 7,236 35,500 15,796 1,309 46,021 – 165,410
Accumulated depreciation
and impairment
At 1 April 2006 – – 4,484 17,270 8,089 893 25,563 – 56,299
Charge for the year 313 1,116 663 3,591 2,474 131 5,376 – 13,664
Written back on disposals – – – (617) (135) – – – (752)
Currency realignment – 7 10 4 8 3 – – 32
At 31 March 2007 313 1,123 5,157 20,248 10,436 1,027 30,939 – 69,243
Net book value
At 31 March 2008 19,200 62,200 1,715 16,081 4,496 493 14,157 11,735 130,077
At 31 March 2007 12,777 45,335 2,079 15,252 5,360 282 15,082 – 96,167
Annual Report 2008
61