Annual Report 2011/12 - International Entertainment Corporation

Notes to the Consolidated Financial StatementsFor the year ended 31 March 201216. PROPERTY, PLANT AND EQUIPMENTBuildingsLeaseholdimprovements MachineryFurniture,fixtures andequipmentEntertainmentequipmentComputerhardwareMotorvehiclesTotalHK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000COSTAt 1 April 2010 524,242 4,281 90,218 60,628 104,926 621 907 785,823Exchange adjustments 25,265 185 4,382 3,023 5,782 2 44 38,683Additions 2,636 698 1,619 4,551 29,628 140 – 39,272Disposals – – – (481) (4,935) (26) – (5,442)Write-off – – – – – (43) – (43)At 31 March 2011 552,143 5,164 96,219 67,721 135,401 694 951 858,293Exchange adjustments 3,445 25 603 420 850 1 6 5,350Additions 300 – 1,305 432 17,625 47 160 19,869Disposals – – (22) (669) (2,639) (110) (82) (3,522)Write-off – – – (1) (11,487) (4) – (11,492)At 31 March 2012 555,888 5,189 98,105 67,903 139,750 628 1,035 868,498DEPRECIATIONAt 1 April 2010 60,554 881 76,410 48,310 57,824 583 194 244,756Exchange adjustments 3,653 29 3,886 2,457 3,229 2 15 13,271Provided for the year 24,833 483 7,182 5,305 17,085 57 194 55,139Eliminated on disposals – – – (399) (2,012) (26) – (2,437)Eliminated on write-off – – – – – (43) – (43)At 31 March 2011 89,040 1,393 87,478 55,673 76,126 573 403 310,686Exchange adjustments 596 5 550 350 486 1 3 1,991Provided for the year 25,780 585 2,640 3,557 20,528 65 157 53,312Eliminated on disposals – – (17) (443) (1,780) (101) (23) (2,364)Eliminated on write-off – – – (1) (11,487) (4) – (11,492)At 31 March 2012 115,416 1,983 90,651 59,136 83,873 534 540 352,133CARRYING VALUESAt 31 March 2012 440,472 3,206 7,454 8,767 55,877 94 495 516,365At 31 March 2011 463,103 3,771 8,741 12,048 59,275 121 548 547,607International Entertainment Corporation - Annual Report 2011/12 69