For the financial year ended 31 December 2015
78
HAW PAR CORPORATION LIMITED
10. PROPERTY, PLANT AND EQUIPMENT
(CONTINUED)
Leasehold land
Plant and
and buildings equipment
Total
$’000
$’000
$’000
The Group
Cost
At 1 January 2014
44,556
55,469
100,025
Additions
61
2,469
2,530
Disposals/write-offs
(70)
(617)
(687)
Currency translation differences
548
202
750
At 31 December 2014
45,095
57,523
102,618
Accumulated depreciation and impairment losses
At 1 January 2014
23,471
40,796
64,267
Depreciation charge for the year
1,904
3,511
5,415
Disposals/write-offs
(50)
(522)
(572)
Currency translation differences
239
82
321
At 31 December 2014
25,564
43,867
69,431
Net book value
At 31 December 2014
19,531
13,656
33,187
Included in leasehold land and buildings is land use rights amounting to $1,116,000 (2014: $1,085,000).
As set out in Note 3(b), a subsidiary of the Group within the Leisure division carried out a review of the recoverable
amount of its property, plant and equipment due to the challenging operating environment in which the business
operates. Following the review, an impairment charge of approximately $4,601,000, representing a full write-down
of these property, plant and equipment to nil value was recognised in profit or loss for the financial year ended
31 December 2015.
NOT E S TO T H E F I NAN C I A L S TAT EME N T S
(CONTINUED)
