In this section
Financial Statements
Notes to the financial statements
for the year ended 31 December 2011
17 Property, plant and equipment
| Buildings & infrastructure USD’000 |
Operating equipment USD’000 |
Fixtures and office equipment USD’000 |
Motor vehicles USD’000 |
Capital work-in- progress USD’000 |
Total USD’000 |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost | ||||||||||||
| At 1 January 2010 | 21,179 | 71,729 | 9,720 | 3,928 | 38,534 | 145,090 | ||||||
| Additions | 6,348 | 8,598 | 486 | 406 | 13,886 | 29,724 | ||||||
| Exchange differences | 94 | 172 | 42 | – | – | 308 | ||||||
| Transfers | 22,383 | – | 130 | 1 | (22,514 | ) | – | |||||
| Disposals | (750 | ) | (276 | ) | – | (136 | ) | (11 | ) | (1,173 | ) | |
| At 31 December 2010 | 49,254 | 80,223 | 10,378 | 4,199 | 29,895 | 173,949 | ||||||
| Additions | 11,893 | 9,887 | 2,584 | 859 | 30,260 | 55,483 | ||||||
| Acquired through a business combination (Note 35) | 9,585 | 14,332 | 978 | 517 | 598 | 26,010 | ||||||
| Transfers | 24,309 | 1,351 | 131 | – | (25,791 | ) | – | |||||
| Disposals | (26 | ) | (136 | ) | (33 | ) | (650 | ) | – | (845 | ) | |
| At 31 December 2011 | 95,015 | 105,657 | 14,038 | 4,925 | 34,962 | 254,597 | ||||||
| Depreciation | ||||||||||||
| At 1 January 2010 | 7,884 | 30,766 | 6,737 | 2,013 | – | 47,400 | ||||||
| Charge for the year | 2,404 | 9,264 | 1,287 | 739 | – | 13,694 | ||||||
| Exchange differences | 12 | 45 | 16 | – | – | 73 | ||||||
| Disposals | (159 | ) | (247 | ) | – | (116 | ) | – | (522 | ) | ||
| At 31 December 2010 | 10,141 | 39,828 | 8,040 | 2,636 | – | 60,645 | ||||||
| Charge for the year | 5,297 | 11,329 | 1,846 | 811 | – | 19,283 | ||||||
| Disposals | (26 | ) | (136 | ) | (33 | ) | (492 | ) | – | (687 | ) | |
| At 31 December 2011 | 15,412 | 51,021 | 9,853 | 2,955 | – | 79,241 | ||||||
| Net book amount | ||||||||||||
| At 31 December 2011 | 79,603 | 54,636 | 4,185 | 1,970 | 34,962 | 175,356 | ||||||
| At 31 December 2010 | 39,113 | 40,395 | 2,338 | 1,563 | 29,895 | 113,304 |
Buildings have been constructed on land, leased on a renewable basis, from various Government Authorities. The remaining lives of the leases range between three and 23 years. The Group has renewed these land leases, upon expiry, in the past and its present intention is to continue to use the land and renew these leases for the foreseeable future.
A depreciation expense of USD 14,982,000 (2010: USD 10,160,000) has been charged to cost of sales and USD 4,301,000 (2010: USD 3,534,000) to general and administrative expenses (Notes 6 and 10).
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