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5.3 Depreciation for the year has been charged to: TakaCost of goods sold - Non-tax holiday units (Note 25.1) 161,789,283Cost of goods sold - Tax holiday units (Note 25.1) 88,347,721250,137,004Administrative, selling and distribution expenses ( Note-26) 37,213,242287,350,2465.4 The freehold land and buildings were revalued by a firm of professional valuers in the year 1995 and the increase in net carryingamount as a result of revaluation were shown as additions/valuations in that year.5.5 Gain/(loss) on disposal of property, plant and equipmentOriginalcostTakaAccumulateddepreciationTakaNet bookvalueTakaSaleproceedsTakaProfit/(loss)Taka3,155,5002,737,188418,312200,000(218,312)3,155,5002,737,188418,312200,000(218,312)The Carrying amount of automobiles (Motor cycles) amounting to Tk.86,912,950 transferred toadvance as no future economic benefit expected from the assets.6. Capital work in-progressOpening BalanceAdd: Addition during the yearLess: Capitalised as property, plant and equipment2012Taka1,370,222,6411,524,143,6032,894,366,244832,461,0022,061,905,2422011Taka363,998,4512,460,811,9032,824,810,3541,454,587,7131,370,222,641This represents mainly construction of buildings for the Rajedrapur General Manufacturing Plant, Barishal Depot,Feni Depot, Keranigonj Depot, installation of plant and machinery, their components and other fixed assetsprocured from foreign and local vendors.7. Investment in subsidiariesThis represents investments in share capital of Renata Agro Industries Limited and Purnava Limited.Renata Limited, being the group company, is the owner of 99.99% shares in both the companies.2012 2011Share No. of Value Valueholding % shares Taka TakaRenata Agro Industries Limited 99.99 419,949 60,570,476 60,570,476Purnava Limited 99.99 24,999 2,499,900 2,499,900444,948 63,070,376 63,070,376•64