board of directors - Petron

8. PROPERTY, PLANT AND EQUIPMENT (Continued)Assets associated with the Company’s acquisition of a 20% Participating Interest in the Multi-Product Pipeline System in 2001 are reflected as additions to leasehold land and plant andequipment. Transfers of the respective 20% ownership interest in leasehold lands are in the processof being registered at the respective land offices.Accumulated depreciation:Buildings Plant CapitalFreehold Leasehold and and projectland land improvements equipment in-progress TotalRM'000 RM'000 RM'000 RM'000 RM'000 RM'000At January 1, 2001 - 9,500 79,873 513,911 - 603,284Allowance for the year - 1,450 10,517 53,982 - 65,949Elimination on disposals - - (675) (18,750) - (19,425)As at December 31, 2001 - 10,950 89,715 549,143 - 649,808Net Book Value:At December 31, 2001 208,190 110,577 148,491 603,278 81,059 1,151,595Net book value atDecember 31, 2001 if assetshad been carried at cost lessdepreciation: 150,326 107,803 148,474 603,278 81,059 1,090,940Cost or valuation:At January 1, 2000 169,319 92,260 229,227 1,035,317 73,671 1,599,794Additions at cost - 5,881 - - 53,788 59,669Disposals - - (1,066) (11,158) - (12,224)Reclassifications 25,793 - 6,515 26,236 (58,544) -At December 31, 2000 195,112 98,141 234,676 1,050,395 68,915 1,647,239Representing items at:Valuation-1982 66,279 4,573 17,744 - - 88,596Cost-Post 1982 net additions 128,833 93,568 216,932 1,050,395 68,915 1,558,643Accumulated depreciation:195,112 98,141 234,676 1,050,395 68,915 1,647,239ANNUAL REPORT & ACCOUNTS 2001At January 1, 2000 - 8,234 69,951 473,764 - 551,949Provision for the year - 1,266 10,291 49,503 - 61,060Elimination on disposals - - (369) (9,356) - (9,725)As at December 31, 2000 - 9,500 79,873 513,911 - 603,284Net Book Value:At December 31, 2000 195,112 88,641 154,803 536,484 68,915 1,043,955Net book value atDecember 31, 2000 if assetshad been carried at cost lessdepreciation: 137,201 85,678 154,802 536,484 68,915 983,080ESSO MALAYSIA BERHAD32