HYFLUX LTD AND SUBSIDIARIES

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2002
14. FIXED ASSETS (CONTINUED)
PLANT AND
MOTOR
MACHINERY VEHICLES TOTAL
$’000 $’000 $’000
COMPANY
COST
At 1.1.2002 641 150 791
Additions 689 – 689
At 31.12.2002 1,330 150 1,480
ACCUMULATED DEPRECIATION
At 1.1.2002 110 35 145
Charge for the year 202 30 232
At 31.12.2002 312 65 377
Charge for 2001 110 30 140
NET BOOK VALUE
At 31.12.2002 1,018 85 1,103
At 31.12.2001 531 115 646
The Group had motor vehicles and office equipment under hire purchase and finance leases with net book values of approximately
$163,000 and $76,000 (2001: $292,000 and $20,000) respectively.
During the financial year, the Group acquired fixed assets with an aggregate cost of $3,294,883 (2001: $6,592,486) which $84,410
(2001: $13,602) was acquired by means of finance lease. Cash payments of $3,210,473 (2001: $6,578,884) were made to
purchase fixed assets.