KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
73
NOTES
TO THE FINANCIAL STATEMENTS
4
PROPERTY, PLANT AND EQUIPMENT
Leasehold
land and
building
Renovation
and
improvements
Machinery
and
equipment
Vessels
Furniture,
fittings, office
equipment and
computers
Assets
under
construction Total
Group
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Cost
At 1 January 2013
5,457
484
51,415
34,364
1,508
–
93,228
Additions
233
–
185
8,869
102
–
9,389
Reclassification to asset held for
sale
–
–
–
(2,585)
–
–
(2,585)
Disposals
–
–
(1,978)
(7,364)
(124)
–
(9,466)
Translation differences
–
16
1
–
14
–
31
At 31 December 2013
5,690
500
49,623
33,284
1,500
–
90,597
Additions
1,433
–
908
10,670
190
216
13,417
Disposals
–
–
(908)
(4,509)
(45)
–
(5,462)
Translation differences
–
23
1
–
21
–
45
At 31 December 2014
7,123
523
49,624
39,445
1,666
216
98,597
Accumulated depreciation
At 1 January 2013
3,100
351
20,167
7,737
1,269
–
32,624
Depreciation for the year
124
96
2,424
1,672
111
–
4,427
Reclassification to asset held for
sale
–
–
–
(793)
–
–
(793)
Disposals
–
–
(1,694)
(1,647)
(124)
–
(3,465)
Translation differences
–
12
1
–
12
–
25
At 31 December 2013
3,224
459
20,898
6,969
1,268
–
32,818
Depreciation for the year
111
41
2,117
1,676
86
–
4,031
Disposals
–
–
(758)
(699)
(45)
–
(1,502)
Translation differences
–
23
1
–
20
–
44
At 31 December 2014
3,335
523
22,258
7,946
1,329
–
35,391
Carrying amounts
At 1 January 2013
2,357
133
31,248
26,627
239
–
60,604
At 31 December 2013
2,466
41
28,725
26,315
232
–
57,779
At 31 December 2014
3,788
–
27,366
31,499
337
216
63,206
