Page 207 - CJ 2019 INTEGRATED REPORT

205
NOTES TO THE FINANCIAL
STATEMENTS 31 DECEMBER 2019 (CONTINUED)
Group At 01 01 January 2019 At Cost
At valuation Accumulated depreciation Net book amount
Year ended 31 December 2019 Freehold land and and buildings
Rs’000
-
975 240 975 240 (113 714) 861 526
Plant equipment and other assets Rs’000
6 471 284 -
6 471 284 (4 525 508) 1 945 776
745 058 (828) (527)
-
Motor vehicles
Rs’000
105 016 -
105 016 (75 925) 29 091
8 8 118 -
(678) -
-
-
-
4
4
4
448 -
(184) (15 394)
25 401
99 958 -
99 958 (74 557) 25 401
Furniture and fittings
Rs’000
267 116 -
267 116 (191 627) 75
489
14 509 (39) (522)
-
-
140 -
135 630 19 (254) (24 319)
200 653
397 790 -
397 790 (197 137) 200 653
Asset in progress
Rs’000
796
866 -
796
866 -
796
866 1 384 960 -
-
-
-
-
(1 349) (1 638 997)
904 -
-
542 384 542 384 -
542 384 -
542 384 Total Rs’000
7
640 282 975 240 8 615 522 (4 906 774) 3 708 748
2 2 152 969 (867) (1 727)
26 482
714 2 389 (1 349) -
(7 403) (932) (691 097)
5
187 927
8 8 128 430 2 2 2 2 326 292 10 454 722 (5 266 795) 5
187 927
INTEGRATED REPORT 2019 assurance fund
Transfer from investment properties (Note 11)
714 -
2 2 249 -
-
-
-
-
Other adjustments
Write offs
Charge for the year Closing net book amount
At 31 December 2019 At cost
At valuation Accumulated depreciation Net book amount
-
(300) (24 330)
2 189 346
-
2 2 2 2 326 292 2 2 2 2 326 292 (136 946) 2 189 346
10 PROPERTY PLANT AND EQUIPMENT
Additions 324 Disposal of subsidiary -
Disposals -
Revaluation 26 482
Revaluation recognised in life
Transfer to to inventories
Transfers 1 1 322 681
176 238 (8 326) (194) (627 054)
2 2 230 143
7
088 298 -
7
088 298 (4 858 155) 2 2 230 143
The revaluation revaluation surplus net of applicable deferred income
taxes was credited to revaluation revaluation reserves No property plant and equipment is pledged as security security for borrowings borrowings For security security on borrowings borrowings see note 25 The write offs
under asset asset in in progress
relate to to assets which will not be available for use in in the future due to to obsolescence Asset in in in in progress
consists of of of of project cost
capitalised relating to hotel construction construction in in in in the the books of of of of IKO IKO (Mauritius) Hotel Limited Limited construction construction of of of of villas in in in in the the book book of of of of Eight IKO IKO Villas Ltd and technical equipment acquired by Emtel Limited Limited which was not available for use at 31 December 2019