notes to the financial statements - Singapore Technologies ...

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150 SIMPLY SMARTERNOTES TO THE FINANCIAL STATEMENTS31 December 2011(Currency - Singapore dollars unless otherwise stated)12. Property, plant and equipment (continued)(c)Property, plant and equipment under lease obligationsIncluded in the above are property, plant and equipment acquired under finance lease obligations with a net book value of:Group2011 2010$’000 $’000Leasehold land and buildings 438 830Transportation equipment and vehicles 293 196731 1,026(d)Major properties(i)Freehold land and buildingsLocation Description Land Net book valuearea 2011 2010(sq. m.) $’000 $’000USA47889 South K StreetTulare, California13442 Emerson RoadKidron, Ohio300 Hackney Ave,Independence, Kansas400 Hackney Ave,Washington, North Carolina914 Saegers Station Drive,Montgomery, Pennsylvania7801 Trinity Drive,Escatawpa, Mississippi5801 Elder Ferry Road,Moss Point, Mississippi900 Bayou Casotte Parkway,Pascagoula, Mississippi3800 Richardson Road South,Hope Hull, AlabamaIndustrial buildings 88,949 – 2,281Industrial buildings 68,351 1,152 1,176Industrial buildings 117,358 1,601 1,661Industrial buildings 39,942 1,662 1,720Industrial buildings 122,659 3,648 3,777Shipyard and buildings 839,564 4,092 4,064Shipyard and buildings 227,151 3,816 3,793Shipyard and buildings 331,803 14,500 13,902Production facility 8,361 3,227 3,434Australia2 Bowral PlaceBallaratOffice building and trainingclassrooms1,350 1,866 –
SINGAPORE TECHNOLOGIES ENGINEERING LTD Annual Report 2011151NOTES TO THE FINANCIAL STATEMENTS31 December 2011(Currency - Singapore dollars unless otherwise stated)12. Property, plant and equipment (continued)(d)Major properties (continued)(ii)Leasehold land, buildings and improvementsLocation Description Tenure Land Net book valuearea 2011 2010(sq. m.) $’000 $’000Singapore501 Airport Road Factory and office building 20 years from 1.6.1993 23,899 4,559 3,737503 Airport Road Factory and office building 20 years from 1.6.1993 7,175 507 513505 Airport RoadLots 087066, 087M, 0870Cand 99703 MK22Jet engine test cell 3 years from 1.7.2009 5,317 18,826 18,521540 Airport Road Warehouse and office building 30 years from 15.8.1985 5,850 601 746Hangar and office building 30 years from 1.1.1984 18,918 1,396 1,9048 Changi North Way Hangar and office building 30 years from 1.1.1992 75,713 25,252 27,349Hangar and office building 22.5 years from 16.6.1999 14,860 2,502 2,643Hangar and office building 16.3 years from 20.8.2005 9,764 10,572 11,010540 Airport Road Hangars and office building 3 years lease from 1.7.2009* 48,882 20,958 22,507Seletar West Camp Hangars and office building Yearly * 15,670 15,753 16,405Hangars and office building 31.7 years lease from 5.1.2009 5,760 10,970 11,38824 Ang Mo Kio Street 65 Industrial and commercialbuildings100 Jurong East Street 21 Industrial and commercialbuildings30 years from 1.12.1982,renewable to 204230 years from 1.11.1988,renewable to 204823,970 6,914 7,75411,232 7,119 7,4725 Ubi Close Car show room cum workshop 30 years from 1.8.1994 6,274 11,097 11,95633 Tuas Avenue 2 Factory and office building 30 years from 1.4.1996 6,669 2,086 2,23316 Benoi Crescent Industrial and commercialbuildings30 years from 16.7.1989 6,981 2,215 2,380249 Jalan Boon Lay Industrial and commercialbuildings27 years from 1.10.2001to 31.12.2028, renewableto 10.10.2065148,091 112,986 84,4752D Ayer Rajar CrescentIndustrial and commercialbuildings3 years from 1.10.2010 14,499 – –16 Tuas Avenue 7 Industrial buildings 30 years from 16.8.1983 12,029 373 557
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