Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
126 Singapore Press Holdings annual report 2011
8. PROPERTY, PLANT AND EQUIPMENT
(a) 2011
Group
Leasehold Plant Furniture
Land and and and Motor
Buildings Equipment Fittings Vehicles Total
S$’000 S$’000 S$’000 S$’000 S$’000
Cost
Beginning of financial year 229,172 751,351 17,839 1,472 999,834
Currency translation differences - (78) (45) (4) (127)
Acquisition of business by a
subsidiary [Note 20(b)] - 2 - - 2
Additions 82 2,170 667 515 3,434
Transferred in from capital
work-in-progress - 38,862 243 - 39,105
Disposal of a subsidiary [Note 20(c)] - (52) (1) - (53)
Disposals/Write-offs (16) (10,577) (195) (495) (11,283)
End of financial year 229,238 781,678 18,508 1,488 1,030,912
Accumulated depreciation
and impairment losses
Beginning of financial year 109,244 468,350 12,886 1,294 591,774
Currency translation differences - (83) (24) (4) (111)
Depreciation charge for the year 6,917 52,416 1,432 127 60,892
Disposal of a subsidiary [Note 20(c)] - (42) (1) - (43)
Disposals/Write-offs (16) (10,310) (180) (452) (10,958)
(Reversal of impairment charge)/
Impairment charge for the year (1,609) 1,351 162 - (96)
End of financial year 114,536 511,682 14,275 965 641,458
Net book value
End of financial year 114,702 269,996 4,233 523 389,454
Capital work-in-progress 1,426 3,204 2 - 4,632
Total 116,128 273,200 4,235 523 394,086
Capital work-in-progress
Beginning of financial year - 19,723 - - 19,723
Additions 1,426 22,343 245 - 24,014
Transferred out to property,
plant and equipment - (38,862) (243) - (39,105)
End of financial year 1,426 3,204 2 - 4,632