ANNUAL REPORT

Middle East Development Singapore ltdannual report 2007 59NOTES TO FINANCIALSTATEMENTS30 June 20079. OTHER INVESTMENTSGroupCompany2007 2006 2007 2006$ $ $ $Movements during the year - at fair value:Fair value at beginning of year – 16,395 – 14,625Disposals – (16,395) – (14,625)Fair value at end of year – – – –The investment represents investment in listed equity securities which provide an opportunity for return through dividendincome and trading gains. The fair values of these securities are based on quoted market prices.10. PROPERTY, PLANT AND EQUIPMENTLeaseholdland and Leasehold Motor Plant andGroup building improvements vehicles equipment Total$ $ $ $ $Cost:At beginning of year 1 July 2006 722,839 47,444 1,321,347 960,383 3,052,013Foreign currency translation difference 14,891 1,198 11,208 6,063 33,360Additions 83,437 – 121,865 142,113 347,415Disposals – – (234,688) (22,500) (257,188)At end of year 30 June 2007 821,167 48,642 1,219,732 1,086,059 3,175,600Accumulated depreciation:At beginning of year 1 July 2006 255,191 35,501 943,810 803,613 2,038,115Foreign currency translation difference 6,372 1,008 9,442 4,974 21,796Depreciation for the year 64,070 5,884 192,616 83,343 345,913Disposals – – (204,529) (21,040) (225,569)At end of year 30 June 2007 325,633 42,393 941,339 870,890 2,180,255Net book value:At end of year 30 June 2007 495,534 6,249 278,393 215,169 995,345Cost:At beginning of year 1 July 2005 737,849 48,670 1,327,565 1,334,842 3,448,926Foreign currency translation difference (18,271) (1,226) (12,710) (6,825) (39,032)Additions 3,261 – 55,743 61,865 120,869Disposals – – (49,251) (429,499) (478,750)At end of year 30 June 2006 722,839 47,444 1,321,347 960,383 3,052,013