inter roller fa final

Notes to the Financial Statements11 Property, plant and equipment (cont’d)Leasehold Freehold Motor Plant and ComputerThe Company properties land vehicles machinery systems Others Total$ $ $ $ $ $ $CostAt 1.1.04- Cost - - 1,177,357 3,191,650 1,757,745 1,345,866 7,472,618- Valuation 13,000,000 - - - - - 13,000,000Additions 388,330 - 686,726 391,851 114,261 1,581,168Disposals - - (21,733) (1,499) (102,208) (125,440)Deficit on revaluation (2,888,330) - - - - - (2,888,330)At 31.12.04 10,500,000 - 1,177,357 3,856,643 2,148,097 1,357,919 19,040,016Representing- Cost - - 1,177,357 3,856,643 2,148,097 1,357,919 8,540,016- Valuation 10,500,000 - - - - - 10,500,00010,500,000 - 1,177,357 3,856,643 2,148,097 1,357,919 19,040,016Accumulated depreciationAt 1.1.04 1,043,479 - 454,211 2,414,883 1,470,044 1,173,498 6,556,115Depreciation forthe year 262,158 - 158,183 222,937 213,312 47,650 904,240Disposals - - - (16,086) (1,289) (102,208) (119,583)Deficit on revaluation (1,305,637) - - - - - (1,305,637)At 31.12.04 - - 612,394 2,621,734 1,682,067 1,118,940 6,035,135Depreciation for2003 260,870 - 145,578 213,303 154,210 44,441 818,402Net book valueAt 31.12.04 10,500,000 - 564,963 1,234,909 466,030 238,979 13,004,881At 31.12.03 11,956,521 - 723,146 776,767 287,701 172,368 13,916,503Other assets comprise office equipment, furniture and fittings and electrical fittings.inter-roller engineering limited annual report2004 57