Asiaone 1-42
Asiaone 1-42
Asiaone 1-42
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PROPERTY, PLANT AND EQUIPMENT<br />
Properties<br />
We do not own any property. We rent the premises we currently occupy from Singapore News &<br />
Publications Limited (“SNPL”), which is a subsidiary of SPH and Cityneon Displays (S) Pte Ltd.<br />
Details of our lease agreement with SNPL are set out in the “Interested Party Transactions” section<br />
of this Prospectus.<br />
We currently rent/lease the following properties:-<br />
Tenure and Gross Area Annual<br />
Description/Location Expiry Date (sq ft) Rental ($) Lessor<br />
Part of Level 5 2 years/ 8,684 312,624 SNPL<br />
News Centre<br />
82 Genting Lane,<br />
Singapore 349567<br />
31 August 2001<br />
Part of Level 3 1 years 8 months/ 2,576 92,736 SNPL<br />
News Centre 31 August 2001<br />
82 Genting Lane,<br />
Singapore 349567<br />
Unit #05-02 2 years/ 7,361 167,831 Cityneon Displays<br />
84 Genting Lane, 31 March 2002 (S) Pte Ltd<br />
Singapore 349584<br />
Fixed Assets<br />
BUSINESS<br />
As at 29 February 2000, we owned the following fixed assets:<br />
Date of Accumulated Net Book Net Book<br />
Description Purchase Cost Depreciation Value<br />
Equipment to support<br />
$ $ $<br />
e-commerce 18.08.1999 725,315 141,034 584,281<br />
Voxtron Voice Servers 29.11.1999 207,750 23,083 184,667<br />
Software to support auction 28.02.2000 331,500 9,208 322,292<br />
85<br />
1,264,565 173,325 1,091,240