Annual Report 2010 - Leeden Limited

Notes to the Financial Statementsfor the Financial Year ended 31 December 2010Leeden Limited Annual Report 201010. Property, plant and equipment (cont’d)Officeequipment,Plant andmachineryfurniture andfittings Motor vehicles Total$’000 $’000 $’000 $’000CompanyCostBalance at 1 January 2009 19 191 331 541Additions 36 226 17 279Disposals – (5) – (5)Balance at 31 December 2009 and 1 January 2010 55 412 348 815Additions 12 44 – 56Disposals – – (73) (73)Balance at 31 December 2010 67 456 275 798Accumulated depreciation and impairmentBalance at 1 January 2009 4 44 52 100Charge for the year 13 62 85 160Balance at 31 December 2009 and 1 January 2010 17 106 137 260Charge for the year 7 73 55 135Disposals – – (59) (59)Balance at 31 December 2010 24 179 133 336Net book valueAt 31 December 2010 43 277 142 462At 31 December 2009 38 306 211 555(a)The details of the Group’s revalued leasehold property is as follows:LocationSite area(sq. metres)TenureYear ofValuationDescriptionand usage1 Shipyard RoadSingapore 62812824,712 Leasehold, 30 yearscommencing1 November 19911989 Office andmanufacturingof gases(b) The revaluation of the Group’s leasehold property in Singapore was made by the Directors in 1989.If the leasehold property, that had been revalued, were measured using the cost model, the carrying amount at theend of the financial year would be $463,000 (2009: $519,000).71