Full Annual Report 2006 - Singapore Technologies Engineering

THE WINNING SPIRIT ST Engineering AR 2006 144
Notes to the Financial Statements 31 DECEMBER 2006
(Currency – Singapore dollars unless otherwise stated)
7. PROPERTY, PLANT AND EQUIPMENT (continued)
(ii) Leasehold land, buildings and improvements (continued)
NET BOOK VALUE
LOCATION DESCRIPTION TENURE LAND AREA 2006 2005
(SQ. M.) $’000 $’000
Singapore
2D Ayer Rajah Crescent Industrial and 3 years from 1.4.2004 29,904 – –
commercial buildings to 31.3.2007
16 Tuas Avenue 7 Industrial buildings 30 years from 16.8.1983 12,029 1,294 1,479
601 Rifle Range Road Industrial buildings Renewable every year * 1,380,983 1,724 2,584
15 Chin Bee Drive Industrial buildings 60 years from 1.8.1973 39,640 4,101 4,534
7 Benoi Road Buildings, foreshore 56 years from 1.6.1969 103,802 17,961 19,557
and workshops
60 Tuas Road Buildings, foreshore 30 years from 1.12.1992 125,262 6,265 6,927
and workshops
16 Benoi Road Administrative offices 56 years from 1.6.1969 20,244 – –
30/36 Kian Teck Workers’ dormitory 30 years from 1.9.1995 3,908 5,454 5,746
Avenue
USA
2100 9th Street Hangar and 22 years from 1.1.1991 103,825 22,294 23,382
Brookley Complex, office building
Mobile, Alabama
9800 John Saunders Hangar and 16 7 / 12 years from 195,663 8,848 10,622
Road, San Antonio, office building 1.6.2002
Texas
People’s Republic of China
555 Kanghua Road, Industrial buildings 50 years from 12.6.2003 15,890 3,538 3,987
Kangqiao Industrial to 27.7.2052
Zone, Shanghai
97 Zhong Cao Road Industrial and 41 years from 1.10.2005 276,633 6,094 –
Guiyang, Guizhou commercial buildings to 30.9.2045
Europe
405, Blazer Court, Residential apartment 130 years from 1.1.1998 74 395 –
St John’s Wood Road,
London NW 8
* This relates to buildings constructed by a subsidiary on properties rented from the Ministry of Defence on leases which
are renewable every year. In view of the relationship between the landlord and the subsidiary, the cost of the buildings is
depreciated over 30 years.