MAA Assurance's Annual Report 2005 - Zurich

Notes To The Financial Statements - 31 December 2005 (continued)
3 PROPERTY, PLANT AND EQUIPMENT
Furniture,
fittings and Motor
equipment vehicles Renovation Total
RM'000 RM'000 RM'000 RM'000
(a) GENERAL AND SHAREHOLDERS’ FUNDS
Net book value
At 1 January 2005 5,985 2,706 3,104 11,795
Additions at cost 2,265 775 92 3,132
Disposal at net book value - (663) - (663)
Depreciation charge for the financial year (2,702) (543) (661) (3,906)
At 31 December 2005 5,548 2,275 2,535 10,358
At 31 December 2005
Cost 22,843 3,350 7,847 34,040
Accumulated depreciation (17,295) (1,075) (5,312) (23,682)
Net book value 5,548 2,275 2,535 10,358
At 31 December 2004
Cost 20,339 4,460 7,755 32,554
Accumulated depreciation (14,354) (1,754) (4,651) (20,759)
Net book value 5,985 2,706 3,104 11,795
Depreciation charge for the financial
year ended 31 December 2004 (2,118) (220) (600) (2,938)
43
(b) LIFE FUND
Net book value
At 1 January 2005 15,960 3,415 17,068 36,443
Additions at cost 2,385 621 816 3,822
Disposals at net book value (1) (298) - (299)
Depreciation charge for the financial year (4,648) (421) (3,223) (8,292)
At 31 December 2005 13,696 3,317 14,661 31,674
At 31 December 2005
Cost 56,257 5,290 40,528 102,075
Accumulated depreciation (42,561) (1,973) (25,867) (70,401)
Net book value 13,696 3,317 14,661 31,674
At 31 December 2004
Cost 53,884 5,264 39,712 98,860
Accumulated depreciation (37,924) (1,849) (22,644) (62,417)
Net book value 15,960 3,415 17,068 36,443
Depreciation charge for the financial
year ended 31 December 2004 (5,204) (467) (3,223) (8,894)