NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
88
THE STRAITS TRADING COMPANY LIMITED
15.
PROPERTY, PLANT AND EQUIPMENT (CONT’D)
Freehold
land
Leasehold
land Buildings
Plant,
equipment,
vehicles
and
furniture
Capital
work- in-
progress
Mine
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 18)
–
(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 25)
–
3
25
4
–
–
32
Disposals
–
–
–
(3,118)
–
– (3,118)
Sale of a subsidiary
(note 18)
–
–
(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
