Egyptian Resorts Company “Egyptian Joint Stock ... - ERC Egypt

- 9 -4- Fixed AssetsThe balance of fixed assets (net) shown in the balance sheet as at March 31, 2011 is represented as follows:-Cost as at 1/1/2011Additions of theCost as atAccumulatedDepreciation ofAccumulatedNet book valueNet book valueDescriptionDepreciation as atDepreciation as atyear31/3/20111/1/2011the period31/3/2011 as at 31/3/2011 as at 31/3/2010L.E. L.E. L.E. L.E. L.E. L.E. L.E.Land 521 610 - 521 610 - - - 521 610 521 610Buildings 34 375 770 - 34 375 770 1 693 915 269 136 1 963 051 32 412 719 32 681 855Machinery & equipments 2 071 649 - 2 071 649 978 601 33 550 1 012 151 1 059 498 1 093 048Furniture & fixtures 4 450 927 48 710 4 499 637 791 421 69 253 860 674 3 638 963 3 659 506Transportation vehicles 790 237 202 150 992 387 446 641 28 688 475 329 517 058 343 596Networks & facilities 78 656 802 - 78 656 802 8 645 767 1 966 421 10 612 188 68 044 614 70 011 035Sewage Treatment Plant 21 575 064 - 21 575 064 2 769 707 239 258 3 008 965 18 566 099 18 805 357Water tank 8 919 154 - 8 919 154 533 796 74 341 608 137 8 311 017 8 385 358Water desalination plant 28 649 737 - 28 649 737 5 258 595 680 320 5 938 915 22 710 822 23 391 142Computers & Air-conditioning 7 495 320 134 808 7 630 128 3 290 277 308 345 3 598 623 4 031 505 4 205 043Total 187 506 270 385 668 187 891 938 24 408 720 3 669 312 28 078 033 159 813 905 163 097 550* Fixed assets included assets which are fully depreciated, its cost amounted to L.E 2 394 584 as at March 31, 2011 as follows:L.ETransportation vehicles 253 287Machinery & equipments 729 561Furniture 1 016Buildings (Caravans) 82 830Computers 1 327 8902 394 584Depreciations were classified as follows:Depreciation of fixed assets in operation 2 960 340Depreciation of administrative fixed assets 708 9723 669 312