Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 20129931 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS14. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)14A. Impairment Loss on Plant and Equipment (Continued)During the current reporting year, the Group has also assessed the recoverable amount of certain of itsplant and equipment in the resource recovery segment and recorded an impairment loss of $194,000. TheGroup considered the amount and expected usage of the plant and equipment and assessed the recoverableamount based on its estimated value in use at a pre-tax discount value of 12%. The impairment loss onplant and equipment was recorded under other charges in the profit or loss.In the previous reporting year, the Group assessed the recoverable amount of certain of its plant andequipment in the renewal energy operating segment and reversed an impairment loss of $502,000 recognisedin previous reporting years. The reversal of impairment loss on plant and equipment was recognised underother credits in the profit or loss.14B. Plant and Equipment Acquired Under Finance Lease ArrangementsThe Group and the Company acquired certain plant and equipment under finance lease agreements and thecarrying amounts of the plant and equipment are as follows:GroupCompany2012 2011 2012 2011$’000 $’000 $’000 $’000Plant and equipment (Note 27B) 2,116 2,746 273 31714C. Securities PledgedAs at the end of the reporting year, the carrying amounts of the Group’s property, plant and equipment thatare pledged as securities to secure loans and borrowings (Note 27A) are as follows:Group2012 2011$’000 $’000Leasehold land 1,600 511Leasehold properties and improvements 3,455 1,573Plant and equipment 11,317 13,04216,372 15,126