NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
14 PROPERTY, PLANT AND EQUIPMENT
Plant,
Equipment,
Freehold Leasehold
Vehicles
and
Capital
Work-In-
Mine
Land Land Buildings Furniture Progress Restoration Total
$’000 $’000 $’000
$’000 $’000
$’000 $’000
At valuation
GROUP
At cost or valuation
At 1 January 2014
8,465
468
7,833 38,764
410
3,595 59,535
Additions
–
77
40
871
3,339
– 4,327
Disposals
–
–
– (3,448)
–
– (3,448)
Transfer
–
–
163
1,976 (2,139)
–
–
Revaluation surplus, net
1,071
–
439
–
–
– 1,510
Sale of a subsidiary (note 17)
– (202)
(436)
(1,313)
–
– (1,951)
Elimination of accumulated
depreciation on revaluation
–
(14)
(258)
–
–
– (272)
Exchange adjustment
(174)
(11)
(149)
(589)
(43)
(63)
(1,029)
At 31 December 2014
9,362
318
7,632 36,261
1,567
3,532 58,672
Accumulated depreciation and
impairment
At 1 January 2014
–
–
– 24,495
–
637 25,132
Depreciation charge for the year
– Continuing operations
–
13
266
2,470
–
176 2,925
– Discontinued operations (note 24)
–
3
25
4
–
–
32
Disposals
–
–
– (3,118)
–
– (3,118)
Sale of a subsidiary (note 17)
–
–
(25)
(1,310)
–
– (1,335)
Elimination of accumulated
depreciation on revaluation
–
(14)
(258)
–
–
– (272)
Exchange adjustment
–
(2)
(8)
(403)
–
(16)
(429)
At 31 December 2014
–
–
– 22,138
–
797 22,935
Net Carrying Amount
At 31 December 2014
9,362
318 7,632 14,123 1,567
2,735 35,737
91
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
