NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
14 PROPERTY, PLANT AND EQUIPMENT (CONT’D)
Plant,
Equipment,
Freehold
Vehicles
and
Land Building Furniture
Total
$’000
$’000
$’000
$’000
At valuation
COMPANY
At cost or valuation
At 1 January 2014
30
150
346
526
Additions
–
–
29
29
Disposal
–
–
(117)
(117)
Revaluation surplus
3
4
–
7
Elimination of accumulated depreciation on revaluation
–
(15)
–
(15)
Exchange adjustment
(1)
(3)
(2)
(6)
At 31 December 2014
32
136
256
424
Accumulated depreciation
At 1 January 2014
–
–
221
221
Depreciation charge for the year
–
15
27
42
Disposal
–
–
(66)
(66)
Elimination of accumulated depreciation on revaluation
–
(15)
–
(15)
Exchange adjustment
–
–
(2)
(2)
At 31 December 2014
–
–
180
180
Net Carrying Amount
At 31 December 2014
32
136
76
244
At cost or valuation
At 1 January 2013
31
164
403
598
Additions
–
–
2
2
Disposal
–
–
(45)
(45)
Revaluation surplus
–
7
–
7
Elimination of accumulated depreciation on revaluation
–
(15)
–
(15)
Exchange adjustment
(1)
(6)
(14)
(21)
At 31 December 2013
30
150
346
526
Accumulated depreciation
At 1 January 2013
–
–
238
238
Depreciation charge for the year
–
15
33
48
Disposal
–
–
(41)
(41)
Elimination of accumulated depreciation on revaluation
–
(15)
–
(15)
Exchange adjustment
–
–
(9)
(9)
At 31 December 2013
–
–
221
221
Net Carrying Amount
At 31 December 2013
30
150
125
305
93
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
