Untitled - Swissco Holdings Limited
Untitled - Swissco Holdings Limited
Untitled - Swissco Holdings Limited
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NOTES TO THE FINANCIAL STATEMENTS<br />
For the financial year ended 31 December 2005<br />
19. Property, Plant and Equipment<br />
Furniture,<br />
Vessels/ Leasehold Motor fittings and Plant and Vessels-in-<br />
The Group barges buildings vehicles computers equipment construction Total<br />
$ $ $ $ $ $ $<br />
Cost<br />
At 1 January 2005 6,393,362 3,093,195 1,153,807 79,641 2,478,846 7,584,697 20,783,548<br />
Additions 497,550 – 298,402 13,309 664,672 27,421,731 28,895,664<br />
Disposals (13,398,826) – (103,604) (15,321) (420,000) (218,400) (14,156,151)<br />
Transfer from<br />
vessels-inconstruction<br />
21,883,638 – – – – (21,883,638) –<br />
At 31 December<br />
2005 15,375,724 3,093,195 1,348,605 77,629 2,723,518 12,904,390 35,523,061<br />
Accumulated depreciation<br />
At 1 January 2005 2,312,081 1,221,762 342,008 28,335 1,800,918 – 5,705,104<br />
Depreciation 406,397 207,935 245,785 13,253 210,580 – 1,083,950<br />
Disposals (1,113,771) – (26,936) (8,212) (420,000) – (1,568,919)<br />
At 31 December<br />
2005 1,604,707 1,429,697 560,857 33,376 1,591,498 – 5,220,135<br />
Net book value<br />
At 31 December<br />
2005 13,771,017 1,663,498 787,748 44,253 1,132,020 12,904,390 30,302,926<br />
Furniture,<br />
Vessels/ Leasehold Motor fittings and Plant and Vessels-in-<br />
The Group barges buildings vehicles computers equipment construction Total<br />
$ $ $ $ $ $ $<br />
Cost<br />
At 1 January 2004 10,435,424 3,093,195 742,984 74,721 3,635,775 1,821,129 19,803,228<br />
Additions 46,930 – 523,153 24,107 141,817 7,383,167 8,119,174<br />
Disposals (5,708,591) – (112,330) (19,187) (1,298,746) – (7,138,854)<br />
Transfer from<br />
vessels-inconstruction<br />
1,619,599 – – – – (1,619,599) –<br />
At 31 December<br />
2004 6,393,362 3,093,195 1,153,807 79,641 2,478,846 7,584,697 20,783,548<br />
Accumulated depreciation<br />
At 1 January 2004 4,023,660 1,013,825 192,641 32,198 2,570,105 – 7,832,429<br />
Depreciation 336,117 207,937 208,648 10,686 393,439 – 1,156,827<br />
Disposals (2,047,696) – (59,281) (14,549) (1,162,626) – (3,284,152)<br />
At 31 December<br />
2004 2,312,081 1,221,762 342,008 28,335 1,800,918 – 5,705,104<br />
Net book value<br />
At 31 December<br />
2004 4,081,281 1,871,433 811,799 51,306 677,928 7,584,697 15,078,444<br />
56
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