FINANCIAL STATEMENTS - Mewah Group
FINANCIAL STATEMENTS - Mewah Group
FINANCIAL STATEMENTS - Mewah Group
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MEWAH INTERNATIONAL INC.NOTES TO THE <strong>FINANCIAL</strong> <strong>STATEMENTS</strong>For the financial year ended 31 December 201218. PROPERTY, PLANT AND EQUIPMENT<strong>Group</strong>2012CostFreehold land andbuildingsLeasehold land andbuildingsPlant andequipmentFurniture, fixtures andoffice equipment Motor vehiclesCapital expenditurein progress TotalUS$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000Beginning of financial year 601 69,856 236,199 15,842 6,819 61,725 391,042Currency translation differences 12 2,803 8,752 477 229 1,457 13,730Additions 1,831 18,333 5,671 1,442 1,636 29,619 58,532Disposals (31) - (620) (711) (1,154) (68) (2,584)Write off (8) - (13) (370) (1) (2) (394)Reclassification - 8,414 29,795 208 - (38,417) -End of financial year 2,405 99,406 279,784 16,888 7,529 54,314 460,326Accumulated depreciationBeginning of financial year 71 10,745 78,108 10,133 4,189 - 103,246Currency translation differences 2 429 2,979 343 147 - 3,900Depreciation charge 46 1,645 12,279 1,834 1,085 - 16,889Disposals (9) - (239) (699) (1,053) - (2,000)Write off (1) - (4) (364) (1) - (370)End of financial year 109 12,819 93,123 11,247 4,367 - 121,665Net book valueEnd of financial year 2,296 86,587 186,661 5,641 3,162 54,314 338,66176
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