Annual Accounts for the year ending 31st December 2007
Annual Accounts for the year ending 31st December 2007
Annual Accounts for the year ending 31st December 2007
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<strong>Annual</strong> <strong>Accounts</strong> <strong>for</strong> <strong>the</strong> <strong>year</strong> <strong>ending</strong> <strong>31st</strong> <strong>December</strong> <strong>2007</strong><br />
7.1 Fixed Assets<br />
Work In Plant and Vehicles Computer Furniture Total<br />
Progress Machinery Equipment and Fittings<br />
€ € € € € €<br />
Cost or Valuation<br />
At 1st January <strong>2007</strong> 9,284,271 10,102,136 4,579,271 3,816,934 875,615 28,658,227<br />
Additions 11,933,878 1,296,028 251,337 419,138 95,610 13,995,991<br />
Capitalised to<br />
Operational Heritage (7,120,169) - - - - (7,120,169)<br />
Reclassification - 110,249 (110,249) - - -<br />
Disposals __________- __________ (166,871) __________ (738) __________ (5,054) __________- __________ (172,663)<br />
At <strong>31st</strong> <strong>December</strong> <strong>2007</strong> __________ 14,097,980 __________ 11,341,542 __________ 4,719,621 __________ 4,231,018 __________ 971,225 35,361,386 __________<br />
Depreciation<br />
At 1st January <strong>2007</strong> - 5,409,268 2,528,254 2,640,860 361,373 10,939,755<br />
Reclassification - 99,424 (99,424) - - -<br />
Provision <strong>for</strong> <strong>year</strong> - 750,802 442,010 568,140 92,004 1,852,956<br />
Disposals __________- __________ (155,654) __________ (738) __________ (5,054) __________- __________ (161,446)<br />
At <strong>31st</strong> <strong>December</strong> <strong>2007</strong> __________ - __________ 6,103,840 __________ 2,870,102 __________ 3,203,946 __________ 453,377 __________<br />
12,631,265<br />
Net Book Value €<br />
At <strong>31st</strong> <strong>December</strong> <strong>2007</strong> __________ 14,097,980 __________ 5,237,702 __________ 1,849,519 __________ 1,027,072 __________ 517,848 __________<br />
22,730,121<br />
At <strong>31st</strong> <strong>December</strong> 2006 __________ 9,284,271 __________ 4,692,868 __________ 2,051,017 __________ 1,176,074 __________ 514,242 __________<br />
17,718,472<br />
Net Book Value STG£<br />
At <strong>31st</strong> <strong>December</strong> <strong>2007</strong> __________ 10,351,700 __________ 3,845,879 __________ 1,358,043 __________ 754,146 __________ 380,239 16,690,007 __________<br />
Currency Translation (803,099) (318,498) (106,477) (63,621) (31,271) (1,322,966)<br />
Adjustment<br />
At <strong>31st</strong> <strong>December</strong> 2006 __________ 6,255,825 __________ 3,162,097 __________ 1,381,994 __________ 792,449 __________ 346,501 11,938,866 __________<br />
Note: Currency translation adjustment is <strong>the</strong> difference between <strong>the</strong> net book value of fixed assets<br />
calculated using <strong>year</strong>-end exchange rates and <strong>the</strong>ir net book value stated at historic rates of exchange.<br />
Waterways Ireland <strong>Annual</strong> Report and <strong>Accounts</strong> <strong>2007</strong> 65
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