Sunny Tew

NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)4. Property, plant and equipment (Continued)During the financial year, the Group acquired property, plant and equipment with an aggregate cost of $2,262,829 (2006: $3,275,612) of which $192,908 (2006: $1,195,179)was acquired by means of finance lease. Cash payments of $2,069,921 (2006: $2,080,433) were made to purchase property, plant and equipment.As at the balance sheet date, the net book value of property, plant and equipment purchased under finance leases were as follows:The GroupThe Company2007 2006 2007 2006$ $ $ $Plant and machinery 963,349 1,080,768 - -Motor vehicles 389,090 320,950 - -Office equipment 9,396 12,244 - -1,361,835 1,413,962 - -Lease assets are pledged as security for the related finance lease liability.The net book value of motor vehicles registered in the name of certain Directors and employees who were holding these motor vehicles in trust for the Group and theCompany were as follows:The GroupThe Company2007 2006 2007 2006$ $ $ $As at 30 September 178,011 274,289 93,849 145,040HG METAL MANUFACTURING LIMITED ANNUAL REPORT 200763