Annual Report 10/11 - ACL Cables PLC

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ACL Cables PLC Annual Report 2010/11Notes to the Financial Statements11. Property, plant and equipment (Contd.)(b) CompanyFurniture, fittingsLand and Plant, machinery Equipment, tools and office Motorbuildings and accessories and implements equipment vehicles TotalAt 31 March 2009Cost / valuation 630,294,000 669,103,402 9,732,481 52,187,403 38,768,486 1,400,085,772Accumulated depreciation (17,668,584) (499,661,737) (7,866,713) (34,157,416) (23,854,152) (583,208,602)Net book amount 612,625,416 169,441,665 1,865,768 18,029,987 14,914,334 816,877,170Year ended 31 March 2010Opening net book amount 612,625,416 169,441,665 1,865,768 18,029,987 14,914,334 816,877,170Additions - 26,995,268 - 1,842,653 432,000 29,269,921Depreciation charge (note 05) (11,345,306) (25,884,703) (266,430) (8,503,348) (4,964,598) (50,964,385)Closing net book amount 601,280,110 170,552,230 1,599,338 11,369,292 10,381,736 795,182,706At 31 March 2010Cost / valuation 630,294,000 696,098,670 9,732,481 54,030,056 39,200,486 1,429,355,693Accumulated depreciation (29,013,890) (525,546,440) (8,133,143) (42,660,764) (28,818,750) (634,172,987)Net book amount 601,280,110 170,552,230 1,599,338 11,369,292 10,381,736 795,182,706Year ended 31 March 2011Opening net book amount 601,280,110 170,552,230 1,599,338 11,369,292 10,381,736 795,182,706Additions 57,719,000 5,363,115 136,362 3,208,218 99,106 66,525,801Disposals - cost - - - - (715,000) (715,000)- depreciation - - - - 715,000 715,000Depreciation charge (note 05) (11,345,306) (25,196,880) (207,357) (3,957,728) (5,005,518) (45,712,789)Closing net book amount 647,653,804 150,718,465 1,528,343 10,619,781 5,475,324 815,995,717At 31 March 2011Cost / valuation 688,013,000 701,461,785 9,868,843 57,238,274 38,584,592 1,495,166,494Accumulated depreciation (40,359,196) (550,743,320) (8,340,500) (46,618,492) (33,109,268) (679,170,776)Net book amount 647,653,804 150,718,465 1,528,343 10,619,781 5,475,324 815,995,71762
ACL Cables PLC Annual Report 2010/1111. Property, plant and equipment (Contd.)(c) Property, plant and equipment include assets at valuation as follows.CompanyAssets Valued on Name of the valuer Valued amountLand 1 September 2007 Mr. J. M. Senanayaka Bandara 236,962,350Buildings 1 September 2007 Mr. J. M. Senanayaka Bandara 271,087,650Plant and equipment 30 June 1977 1,542,100GroupAssets Valued on Name of the valuer Valued amountLandACL Cables PLC 1 September 2007 Mr. J. M. Senanayaka Bandara 236,962,350Kelani Cables PLC 31 March 2007 Mr. H. W. Wimalasena 76,900,000ACL Plastics PLC 20 March 2009 Mr. J. M. Senanayaka Bandara 44,975,000Ceylon Bulbs and Electricals Limited 25 July 1988 Mr. B. G. Jayathilake 13,674,500Ceylon Bulbs and Electricals Limited 6 September 2009 Mr. J. M. Senanayaka Bandara 338,125,000Kelani Cables PLC 31 March 2010 Mr. H. W. Wimalasena 114,500,000ACL Kelani Magnet Wire (Pvt) Ltd 01 June 2011 Mr. J. M. Senanayaka Bandara 63,562,500BuildingsACL Cables PLC 1 September 2007 Mr. J. M. Senanayaka Bandara 271,087,650Kelani Cables PLC 31 March 2007 Mr. H. W. Wimalasena 75,100,000ACL Plastics PLC 20 March 2009 Mr. J. M. Senanayaka Bandara 58,025,000Kelani Cables PLC 31 March 2010 Mr. H. W. Wimalasena 88,500,000ACL Kelani Magnet Wire (Pvt) Ltd 01 June 2011 Mr. J. M. Senanayaka Bandara 103,944,881Plant and MachineryACL Cables PLC 30 June 1977 1,542,100(d) If revalued assets were stated on the historical cost basis, the amounts would be as follows:CompanyCostat 31 March 2011Accumulated depreciationat 31 March 2011Net book valueat 31 March 2011AssetLand 33,367,145 - 33,367,145Buildings 85,322,918 48,847,576 36,475,34263
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