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NOTES TO THE ACCOUNTS<br />
6. Properties, plant and equipment<br />
Group<br />
74 <strong>Johnson</strong> <strong>Electric</strong> Holdings Limited<br />
Freehold land Plant and Assets under Other<br />
and buildings machinery construction assets* Total<br />
US$’000 US$’000 US$’000 US$’000 US$’000<br />
At 1st April 2004,<br />
as previously reported<br />
Cost 95,993 437,779 11,027 119,278 664,077<br />
Accumulated depreciation (32,213) (318,161) – (65,696) (416,070)<br />
Adoption of HKAS 17 (22,359) – – – (22,359)<br />
Net book amount, as restated 41,421 119,618 11,027 53,582 225,648<br />
Year ended 31st March 2005<br />
Opening net book amount, as restated 41,421 119,618 11,027 53,582 225,648<br />
Exchange differences 663 866 53 949 2,531<br />
Acquisitions of subsidiaries 3,633 2,716 72 2,702 9,123<br />
Additions 8,334 17,213 19,071 15,758 60,376<br />
Transfer 22 (1,071) (18,309) 19,358 –<br />
Disposals (5,690) (2,413) (6) (1,087) (9,196)<br />
Depreciation (2,582) (23,412) – (18,373) (44,367)<br />
Closing net book amount 45,801 113,517 11,908 72,889 244,115<br />
At 1st April 2005,<br />
as previously reported<br />
Cost 113,342 406,898 11,908 188,144 720,292<br />
Accumulated depreciation (39,449) (293,381) – (115,255) (448,085)<br />
Adoption of HKAS 17 (28,092) – – – (28,092)<br />
Net book amount, as restated 45,801 113,517 11,908 72,889 244,115<br />
Year ended 31st March 2006<br />
Opening net book amount, as restated 45,801 113,517 11,908 72,889 244,115<br />
Exchange differences (194) (2,336) (1,151) 493 (3,188)<br />
Acquisitions of subsidiaries (note 42) 66,175 49,404 6,463 21,082 143,124<br />
Additions 5,443 22,512 20,698 15,835 64,488<br />
Transfer 3,283 6,262 (19,777) 10,232 –<br />
Transfer to investment properties (296) – – – (296)<br />
Disposals (4,142) (2,823) (129) (2,552) (9,646)<br />
Provision for impairment (note 31) (1,393) (3,011) – – (4,404)<br />
Depreciation (5,070) (27,953) – (22,627) (55,650)<br />
Closing net book amount 109,607 155,572 18,012 95,352 378,543<br />
At 31st March 2006<br />
Cost 166,203 518,977 18,012 292,321 995,513<br />
Accumulated depreciation (56,596) (363,405) – (196,969) (616,970)<br />
Net book amount 109,607 155,572 18,012 95,352 378,543<br />
Freehold land is located in Thailand, Europe and North America.<br />
* Other assets comprise equipment, furniture and fixtures, motor vehicles, moulds and tools.
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