Ocean Sky International Limited - Ocean Sky International Ltd ...

4. FIXED ASSETS
Group Leasehold Furniture Motor Plant and Factory Office Electrical
31 December 1999 buildings and fittings vehicles machinery equipment equipment fittings Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Cost
Balance as at 1.1.1999 – 114 46 863 87 44 89 1,243
Additions 459 104 1,334 2,546 101 194 9 4,747
Acquisition of subsidiaries 939 140 125 1,149 86 115 29 2,583
Disposals – – (8) – – – – (8)
Balance as at 31.12.1999 1,398 358 1,497 4,558 274 353 127 8,565
Accumulated Depreciation
Balance as at 1.1.1999 – 25 12 194 21 21 22 295
Charged for the financial
year 61 33 154 413 26 55 13 755
Acquisition of subsidiaries 39 11 17 79 6 12 3 167
Disposals – – (2) – – – – (2)
115
Balance as at 31.12.1999 100 69 181 686 53 88 38 1,215
Net Book Value
As at 31.12.1999 1,298 289 1,316 3,872 221 265 89 7,350
As at the balance sheet date, the Group had fixed assets purchased under finance lease contracts with a net book value of $1,914,000.
A motor vehicle of the Group with a net book value at balance sheet date of $113,000 is registered in the name of a Director who is holding the motor
vehicle in trust for the Group.