Notes to the Financial Statements - Swissco Holdings Limited

Notes
to the Financial Statements
For the financial year ended 31 December 2009
18. Property, plant and equipment
Group
Vessels/
barges
$
Leasehold
building
$
Motor
vehicles
$
Furniture,
fittings and
computers
$
Plant and
equipment
$
Vessels
under
construction
$
Building
under
construction
$
Total
$
Cost
At 1 January 2009 85,464,421 3,093,195 820,632 107,284 2,808,777 48,459,956 1,058,800 141,813,065
Additions 85,795 – – 34,160 32,000 34,424,538 701,302 35,277,795
Disposals (15,437,184) – (3,402) – (28,981) – – (15,469,567)
Transferred from vessels
under construction 55,682,522 – – – – (55,682,522) – –
Transferred from
building under
construction – 1,477,986 – 144,661 – – (1,622,647) –
At 31 December 2009 125,795,554 4,571,181 817,230 286,105 2,811,796 27,201,972 137,455 161,621,293
Accumulated
depreciation
At 1 January 2009 6,278,953 2,053,500 474,878 68,464 1,463,566 – – 10,339,361
Depreciation 7,428,453 106,609 97,881 24,612 363,559 – – 8,021,114
Disposals (1,641,770) – (2,700) – (28,152) – – (1,672,622)
At 31 December 2009 12,065,636 2,160,109 570,059 93,076 1,798,973 – – 16,687,853
Net book value
At 31 December 2009 113,729,918 2,411,072 247,171 193,029 1,012,823 27,201,972 137,455 144,933,440
Group
Vessels/
barges
$
Leasehold
building
$
Motor
vehicles
$
Furniture,
fittings and
computers
$
Plant and
equipment
$
Vessels under
construction
$
Building
under
construction
$
Total
$
Cost
At 1 January 2008 52,712,817 3,093,195 1,447,324 88,860 2,750,563 32,089,319 – 92,182,078
Additions 2,501 – 94,000 18,424 770,714 56,056,837 1,058,800 58,001,276
Disposals (6,937,097) – (720,692) – (712,500) – – (8,370,289)
Transferred from vessels
under construction 39,686,200 – – – – (39,686,200) – –
At 31 December 2008 85,464,421 3,093,195 820,632 107,284 2,808,777 48,459,956 1,058,800 141,813,065
Accumulated
depreciation
At 1 January 2008 3,096,197 1,845,563 684,977 57,373 1,458,040 – – 7,142,150
Depreciation 3,900,373 207,937 113,961 11,091 413,264 – – 4,646,626
Disposals (717,617) – (324,060) – (407,738) – – (1,449,415)
At 31 December 2008 6,278,953 2,053,500 474,878 68,464 1,463,566 – – 10,339,361
Net book value
At 31 December 2008 79,185,468 1,039,695 345,754 38,820 1,345,211 48,459,956 1,058,800 131,473,704
Swissco International Limited Annual Report 2009
62