Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
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Notes to the Company Financial Statements<br />
continued<br />
3 TANGIBLE FIXED ASSETS<br />
Leasehold Plant <strong>and</strong> P200<br />
Improvements Equipment Equipment Total<br />
$’000 $’000 $’000 $’000<br />
Cost:<br />
At beginning of year 606 4,420 4,156 9,182<br />
Additions 573 1,112 1,006 2,691<br />
Disposals – (10) (317) (327)<br />
At end of year 1,179 5,522 4,845 11,546<br />
Depreciation:<br />
At beginning of year 283 2,911 2,658 5,852<br />
Provided during year 77 887 525 1,489<br />
Disposals – – (160) (160)<br />
At end of year 360 3,798 3,023 7,181<br />
Net book value:<br />
At beginning of year 323 1,509 1,498 3,330<br />
At end of year 819 1,724 1,822 4,365<br />
Included in the net book values above are the following amounts relating to assets acquired under finance lease or hire-purchase contracts.<br />
P200<br />
Total<br />
Equipment Equipment<br />
$’000 $’000<br />
At beginning of year 255 255<br />
At end of year 227 227<br />
The depreciation charged for the year on these assets was $72k (2005: $87k)<br />
4 INVESTMENTS<br />
Subsidiary Undertakings<br />
<strong>2006</strong> 2005<br />
Cost $’000 $’000<br />
At beginning of year 2 2<br />
Additions 28 –<br />
At end of year 30 2<br />
Long-term loan 1,392 1,389<br />
1,422 1,391<br />
Details of the investments in which the Group <strong>and</strong> the Company (unless indicated) holds 20% or more of the nominal value of any class of share capital are as follows:<br />
Name of Company Country of Registration Proportion<br />
<strong>Optos</strong> Inc USA 100%<br />
<strong>Optos</strong> Canada Inc Canada 100%<br />
<strong>Optos</strong> GmbH Germany 100%<br />
5 Stock<br />
<strong>2006</strong> 2005<br />
$’000 $’000<br />
Raw materials, spares <strong>and</strong> consumables 3,446 2,729<br />
<strong>Optos</strong> plc <strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2006</strong> 69