Page 114 - Neal and Massy Holdings Annual Report 2012

112 2012
NOTES TO THE Consolidated FINANCIAL STATEMENTS
September 30, 2012
Expressed in Thousands of Trinidad and Tobago dollars
6 Property, Plant And Equipment
(continued)
Leasehold
Furniture
Freehold property and Plant and
and
Motor
Capital work
property improvements
equipment
Rental assets
fixtures
vehicles
in progress
Total
$
$
$
$
$
$
$
$
Continuing operations:Year ended September 30, 2012Opening net book amount
885,165
93,457 282,572
180,607 27,014
54,743
13,957 1,537,515
Additions
68,080
3,209 60,458
156,869 11,455
23,790
43,957 367,818
Disposals and adjustments
381
(179)
4,155 (33,358)
(34)
(4,246)
- (33,281)
Translation adjustments
(1,570)
(7) (2,428) (85) (29)
(99)
(52) (4,270)
Transfers from capital work in progress
- Property plant and equipment
145
-
172
-
361
- (678)
-
Transfers from capital work in progress
- Investment property
-
-
-
-
-
-
(2,371) (2,371)
Depreciation charge
(13,569)
(6,451) (68,663) (81,962) (10,989)
(17,832)
- (199,466)
Closing net book amount
938,632
90,029 276,266
222,071 27,778
56,356
54,813 1,665,945
At September 30, 2012Cost
1,
034,523
178,103 1,066,771
422,822 161,771
158,498
54,813 3,077,301
Accumulated depreciation
(95,891)
(88,074) (790,505) (200,751) (133,993)
(102,142)
- (1,411,356)
Net book amount
938,632
90,029 276,266
222,071 27,778
56,356
54,813 1,665,945
The net book amount of property, plant and equipment includes $602 (2011: $297) in respect of motor vehicles held under finance leases.Depreciation expense of $121,022 (2011: $118,767) has been charged in cost of goods sold and $98,272 (2011: $95,472) in ‘selling, general and administrative expenses’(Note 28).