Straits Trading Company Limited - Annual Report 2015 - page 91

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
89
ANNUAL REPORT 2015
15. PROPERTY, PLANT AND EQUIPMENT (CONT’D)
Freehold
land Buildings
Plant,
equipment,
vehicles
and
furniture Total
$’000 $’000 $’000 $’000
At valuation
Company
At cost or valuation
At 1 January 2015 32 136 256 424
Revaluation surplus 1 (9) – (8)
Elimination of accumulated depreciation on revaluation – (14) – (14)
Exchange adjustment (4) (18) (33) (55)
At 31 December 2015 29 95 223 347
Accumulated depreciation
At 1 January 2015 – – 180 180
Depreciation charge for the year – 14 18 32
Elimination of accumulated depreciation on revaluation – (14) – (14)
Exchange adjustment – – (25) (25)
At 31 December 2015 – – 173 173
Net carrying amount
At 31 December 2015 29 95 50 174
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