notes to the financial statements - Investor Relations

CWT Limited
76
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2011
4 PROPERTY, PLANT AND EqUIPMENT (CONT’D)
Group
Accumulated depreciation
and impairment losses
Leasehold
land,
buildings and
improvements
Freehold
land
Plant,
machinery
and
equipment
Motor
vehicles
and trailers
Furniture,
fittings,
computers Assets-
and office under
equipment construction Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000
At 1 January 2010 29,137 2,350 17,361 9,751 9,022 – 67,621
Depreciation charge for
the year 7,330 – 4,119 3,077 2,033 – 16,559
Reversal of impairment losses – (41) – – – – (41)
Disposals (202) – (496) (615) (1,228) – (2,541)
Effect of movement in
exchange rates (581) (266) (324) (117) (283) – (1,571)
At 31 December 2010 35,684 2,043 20,660 12,096 9,544 – 80,027
Depreciation charge for the
year 11,467 – 5,206 3,000 2,181 – 21,854
Impairment loss – 378 – – – – 378
Disposals (1,539) – (13) (2,694) (226) – (4,472)
Disposal of subsidiaries (1,258) – (30) – – – (1,288)
Reclassification to assets
held-for-sale (1,389) – (98) – – – (1,487)
Effect of movement in
exchange rates (263) 75 (1) (81) (115) – (385)
At 31 December 2011 42,702 2,496 25,724 12,321 11,384 – 94,627
Carrying amount
At 1 January 2010 135,058 4,737 18,012 13,064 6,336 6,337 183,544
At 31 December 2010 128,543 4,428 25,709 11,977 5,511 41,278 217,446
At 31 December 2011 248,839 4,043 29,550 15,147 6,746 3,901 308,226