Panjawattana Plastic Public Company Limited

- 32 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 2011BahtSeparate financial statementsBalance as at Movement during the year Balance as atDecember 31, 2010 Addition Deduction Transfer in December 31, 2011(Restated)(Transfer out)At costLand 64,211,520.00 16,588,122.00 - - 80,799,642.00Plant and office building 53,218,137.10 - (38,000.00) 71,491,439.43 124,671,576.53Improvements on building 22,804,787.54 4,206,634.00 (881,691.25) 11,010,509.64 37,140,239.93Support machine system 50,668,685.69 4,718,635.92 (1,868,547.86) 15,852,940.80 69,371,714.55Machinery and equipment 223,144,842.26 41,522,962.37 * (8,471,185.59)* 41,379,797.20 297,576,416.24Office equipment 13,588,352.20 6,042,524.19 (969,644.82) 2,064,544.00 20,725,775.57Vehicles 32,503,443.76 21,834,640.18 (2,496,790.23) - 51,841,293.71Equipment in progress 1,225,162.84 97,975,119.36 (8,033,240.00) (58,610,495.14) 32,556,547.06Work in progress 9,985,747.75 74,861,202.18 - (83,188,735.93) 1,658,214.00Total 471,350,679.14 267,749,840.20 (22,759,099.75) - 716,341,419.59Less Accumulated depreciationPlant and office building 3,881,726.81 3,130,870.34 (19,989.08) - 6,992,608.07Improvements on building 5,178,020.46 3,311,488.74 (349,004.68) - 8,140,504.52Support machine system 6,686,168.51 7,232,631.46 (801,882.85) - 13,116,917.12Machinery and equipment 43,041,742.56 28,941,939.84 (1,462,659.97) - 70,521,022.43Office equipment 5,273,385.80 2,572,575.45 (775,498.11) - 7,070,463.14Vehicles 9,857,511.55 4,154,697.20 (1,090,710.61) - 12,921,498.14Total 73,918,555.69 49,344,203.03 (4,499,745.30) - 118,763,013.42Property, plant and equipment - net 397,432,123.45 597,578,406.17* The Company has sale and lease back of machine include in addition and deduction in amount ofBaht 7.05 million.Depreciation for the years ended December 31, 2012 and 2011 consist of :BahtConsolidated financial statementsSeparate financial statements2012 2011 2012 2011Cost 66,740,425.87 46,908,788.33 57,889,235.04 43,069,351.18Administration expense 8,685,751.00 6,171,968.71 8,587,000.87 5,583,468.49Depreciation for the year 75,426,176.87 53,080,757.04 66,476,235.91 48,652,819.67105