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

4. FIXED ASSETS (Cont’d)
Leasehold
Group land and Furniture Motor Plant and Factory Office Electrical
31 December 2000 buildings and fittings vehicles machinery equipment equipment fittings Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Cost
Balance as at 1.1.2000 1,398 358 1,497 4,558 274 353 127 8,565
Additions 6,688 273 548 314 324 600 362 9,109
Acquisition of subsidiaries 298 31 39 103 9 32 54 566
Currency realignment 59 9 5 63 5 8 2 151
Disposals – – (52) (2) – (62) – (116)
Balance as at 31.12.2000 8,443 671 2,037 5,036 612 931 545 18,275
Accumulated Depreciation
Balance as at 1.1.2000 100 69 181 686 53 88 38 1,215
Charged for the financial
year 404 63 190 498 43 136 45 1,379
Acquisition of subsidiaries 12 4 9 8 1 3 22 59
Currency realignment 5 1 1 9 1 1 1 19
Disposals – – (12) (1) – (12) – (25)
116
Balance as at 31.12.2000 521 137 369 1,200 98 216 106 2,647
Net Book Value
As at 31.12.2000 7,922 534 1,668 3,836 514 715 439 15,628
As at the balance sheet date, the Group had fixed assets purchased under finance lease contracts with a net book value of $4,361,000.
A motor vehicle of the Group with a net book value at balance sheet date of $101,000 is registered in the name of a Director who is holding the motor
vehicle in trust for the Group.
The leasehold building with a net book value at balance sheet date of $5,469,000 has been pledged to a bank for banking facilities granted (Note 22).