UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
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34 Fixed Assets<br />
(a) The Group<br />
<strong>2002</strong> 2001<br />
Office<br />
Office<br />
Equipment,<br />
Equipment,<br />
Computers,<br />
Computers,<br />
Land and Fixtures and Land and Fixtures and<br />
Buildings Other Assets Total Buildings Other Assets Total<br />
$’000 $’000 $’000 $’000 $’000 $’000<br />
Balances at 1 January<br />
Cost/valuation 1,656,256 960,289 2,616,545 1,259,109 599,190 1,858,299<br />
Accumulated depreciation (161,082) (693,623) (854,705) (169,738) (401,316) (571,054)<br />
Provision for<br />
diminution in value (37,325) – (37,325) (36,236) – (36,236)<br />
Net book value 1,457,849 266,666 1,724,515 1,053,135 197,874 1,251,009<br />
Movements during the<br />
financial year:<br />
Currency translation<br />
differences (7,889) (4,033) (11,922) 5,847 3,139 8,986<br />
Additions 177,351 96,679 274,030 5,352 106,863 112,215<br />
Acquisition of subsidiaries – – – 512,149 79,069 591,218<br />
Disposal of subsidiaries – – – (48,354) (15,681) (64,035)<br />
Disposals (40,538) (20,011) (60,549) (46,819) (29,889) (76,708)<br />
Depreciation charge (25,054) (89,482) (114,536) (21,410) (74,709) (96,119)<br />
Provision for<br />
diminution in value (17,189) – (17,189) (2,051) – (2,051)<br />
Net book value<br />
at 31 December 1,544,530 249,819 1,794,349 1,457,849 266,666 1,724,515<br />
Balances at 31 December<br />
Cost/valuation 1,795,322 841,312 2,636,634 1,656,256 960,289 2,616,545<br />
Accumulated depreciation (196,281) (591,493) (787,774) (161,082) (693,623) (854,705)<br />
Provision for<br />
diminution in value (54,511) – (54,511) (37,325) – (37,325)<br />
Net book value 1,544,530 249,819 1,794,349 1,457,849 266,666 1,724,515<br />
UNITED OVERSEAS BANK 135