GLOBAL

18. PROPERTY, PLANT AND EQUIPMENTLeaseholdproperty$Buildingimprovements$Computersystems$Motorvehicles$Officeequipment,furniture &fittings$Store &warehouseequipment$Total$CostAt 1 April 2002 3,599,213 2,399,459 945,717 344,386 209,091 178,904 7,676,770Additions Ð 747,132 351,619 104,586 20,278 14,628 1,238,243Disposals Ð Ð (31,236) Ð Ð Ð (31,236)At 31 March 2003 3,599,213 3,146,591 1,266,100 448,972 229,369 193,532 8,883,777Accumulated depreciationAt 1 April 2002 23,995 955,627 360,086 149,199 164,817 97,241 1,750,965Depreciation charge 71,984 528,666 223,171 80,833 15,105 29,402 949,161Disposals Ð Ð (4,685) Ð Ð Ð (4,685)At 31 March 2003 95,979 1,484,293 578,572 230,032 179,922 126,643 2,695,441Net book valueAt 31 March 2003 3,503,234 1,662,298 687,528 218,940 49,447 66,889 6,188,336(a) The leasehold property of the Group, situated at 9 Ubi Crescent (Landed Terrace Plot 13)Ubi Techpark, Singapore 408572, is mortgaged to a bank for credit facilities of $5,700,000granted to a subsidiary.(b)At the balance sheet date, the net book value of building improvements, motor vehicles andcomputer systems under hire purchase agreements amounted to $900,085.19. INTANGIBLESThe movements in intangibles during the ®nancial year were as follows:±CostDistributionrightsFranchisecostsTotal2003 2003 2003$ $ $Balance at beginning of the ®nancial year Ð 1,911,377 1,911,377Costs paid during the ®nancial year 200,000 311,110 511,110Balance at the end of the ®nancial year 200,000 2,222,487 2,422,487Accumulated amortisationBalance at the beginning of the ®nancial year Ð 553,066 553,066Amortisation charge for the ®nancial year Ð 304,652 304,652Balance at the end of the ®nancial year Ð 857,718 857,718Net book valueAs at 31 March 2003 200,000 1,364,769 1,564,769D-16