Ecowise Annual Report 2007 - ecoWise Holdings Limited

Notes to FinancialStatements31 October 200713. PROPERTY, PLANT AND EQUIPMENT (Cont’d)LeaseholdConstruction property and Plant andin progress improvements equipment Total$’000 $’000 $’000 $’000GroupCostAt beginning of year 1 November 2005 – 2,238 9,200 11,438Arising from acquisition of subsidiary – – 89 89Additions 53 284 1,305 1,642Reclassification – 76 – 76Reversal of impairment loss – – 342 342Impairment loss – – (1,000) (1,000)Disposals – (12) (46) (58)At end of year 31 October 2006 53 2,586 9,890 12,529Accumulated depreciationAt beginning of year 1 November 2005 – 1,342 3,489 4,831Arising from acquisition of subsidiary – – 24 24Depreciation – 168 788 956Reversal of impairment loss – – 18 18Impairment loss – – 50 50Disposal – (10) 1 (9)At end of year 31 October 2006 – 1,500 4,370 5,870Net book valueAt end of year 31 October 2006 53 1,086 5,520 6,659The depreciation expense is charged as follows:AdministrativeCost of sales expenses Total$’000 $’000 $’0002007 836 401 1,2372006 672 284 95668 • ecoWise Holdings Limited • Annual Report 2007