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SEE HUP SENG LIMITED
Annual Report 2012
64
Notes to the Financial Statements
31 DECEMBER 2012
8
Property, Plant and Equipment
Renovation/
Machinery
Office
Leasehold leasehold Furniture & yard Motor & computer
buildings improvements & fittings equipment vehicles equipment
Total
S$’000
S$’000
S$’000 S$’000 S$’000 S$’000 S$’000
Group
2012
Cost or Valuation
At 1 January 2012
23,010
564
2,120
21,958
4,081
858
52,591
Additions
98
30
142
1,756
1,412
117
3,555
Additions from acquisition
2,600
14
7
41
64
5
2,731
Disposals/written off
–
(26)
(11)
(2,729)
(103)
(212)
(3,081)
Currency alignment
–
–
(16)
–
(6)
–
(22)
Total
25,708
582
2,242
21,026
5,448
768
55,774
Cost
2,600
582
2,242
21,026
5,448
768
32,666
Valuation
23,108
–
–
–
–
–
23,108
At 31 December 2012
25,708
582
2,242
21,026
5,448
768
55,774
Accumulated depreciation
and impairment loss
At 1 January 2012
3,762
363
1,532
14,633
3,075
810
24,175
Depreciation charge
928
70
188
1,528
575
34
3,323
Disposals/written off
–
(9)
(11)
(2,244)
(89)
(212)
(2,565)
Currency alignment
–
–
(8)
–
(5)
–
(13)
At 31 December 2012
4,690
424
1,701
13,917
3,556
632
24,920
Net book value
At 31 December 2012
21,018
158
541
7,109
1,892
136
30,854
2011
Cost or Valuation
At 1 January 2011
20,500
385
1,930
21,731
4,195
860
49,601
Additions
2,272
173
194
1,056
13
24
3,732
Disposals/written off
–
–
(8)
(829)
(127)
(26)
(990)
Currency alignment
–
6
4
–
–
–
10
Increase in revaluation
238
–
–
–
–
–
238
Total
23,010
564
2,120
21,958
4,081
858
52,591
Cost
–
564
2,120
21,958
4,081
858
29,581
Valuation
23,010
–
–
–
–
–
23,010
At 31 December 2011
23,010
564
2,120
21,958
4,081
858
52,591
Accumulated depreciation
and impairment loss
At 1 January 2011
3,860
305
1,413
13,863
2,668
813
22,922
Depreciation charge
729
57
125
1,392
506
20
2,829
Disposals/written off
–
–
(8)
(622)
(100)
(23)
(753)
Currency alignment
–
1
2
–
1
–
4
Revaluation
(827)
–
–
–
–
–
(827)
At 31 December 2011
3,762
363
1,532
14,633
3,075
810
24,175
Net book value
At 31 December 2011
19,248
201
588
7,325
1,006
48
28,416