Financial Statements - International Planned Parenthood Federation
Financial Statements - International Planned Parenthood Federation
Financial Statements - International Planned Parenthood Federation
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IPPF <strong>Financial</strong> <strong>Statements</strong> 2009 47<br />
10 Tangible fixed assets (group and charity)<br />
Freehold<br />
property<br />
$’000<br />
Short leasehold<br />
property &<br />
improvements<br />
$’000<br />
Fixtures, fittings,<br />
equipment &<br />
computers<br />
$’000<br />
Cost or valuation<br />
At 1 January 2009 9,815 1,375 4,280 15,470<br />
Exchange adjustments – 1 8 9<br />
Additions 12 9 722 743<br />
Disposals – – (103) (103)<br />
At 31 December 2009 9,827 1,385 4,907 16,119<br />
Depreciation and amortization<br />
At 1 January 2009 1,667 1,114 3,213 5,994<br />
Exchange adjustments – 1 8 9<br />
Charge for the year 447 149 477 1,073<br />
Released on disposal – – (101) (101)<br />
At 31 December 2009 2,114 1,264 3,597 6,975<br />
Net book values<br />
At 31 December 2009 7,713 121 1,310 9,144<br />
At 31 December 2008 8,148 261 1,067 9,476<br />
Total<br />
$’000<br />
All tangible fixed assets are held for charity use.<br />
Freehold property relates to land and buildings held in Kuala Lumpur and London. The Kuala Lumpur, Malaysia property<br />
was valued at 30 September 2006 by Jones Lang Wootoon, external qualified valuers. The market value using the<br />
comparison method was RM7,800,000 ($2,236,777). The London, UK property was valued at 20 November 2006 by<br />
Atisreal, external qualified valuers. The market value using the comparison method was £4,275,000 ($6,187,079).<br />
The above note includes US$2,532 in respect of the trading Subsidiary, ICON (2008: US$3,662). This is excluded from<br />
the charity balance sheet on page 24.
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