CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 FINANCIALS 152 153 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 4 PROPERTY, PLANT AND EQUIPMENT Note Freehold land and buildings Leasehold land and buildings Freehold and leasehold properties under development Furniture, fittings, plant and equipment and improvements Renovationin-progress Right-ofuse assets Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group Cost At 1 January 2020 4,155,535 1,662,335 110,766 1,780,448 39,816 277,464 8,026,364 Additions 5,385 3,301 185,697 63,883 15,439 61,174 334,879 Disposal/Written off (26,844) – – (4,069) – (797) (31,710) Reclassifications 9,182 (1,769) (607) 19,686 (26,492) – – Transfer to assets held for sale (89,109) – – (18,959) (647) – (108,715) Translation differences on consolidation 35,709 8,596 3,355 23,645 532 6,499 78,336 At 31 December 2020 4,089,858 1,672,463 299,211 1,864,634 28,648 344,340 8,299,154 At 1 January 2021 4,089,858 1,672,463 299,211 1,864,634 28,648 344,340 8,299,154 Acquisition of subsidiaries 39 – 21,184 – 120 – – 21,304 Additions 3,597 1,319 70,530 47,383 22,601 27,619 173,049 Disposal/Written off (14,583) – (8,752) (19,390) – (10,082) (52,807) Reclassifications 2.299 (116) – 5,850 (8,033) – – Transfer from investment properties 5 36,527 (1,443) – 25,318 – – 60,402 Transfer to assets held for sale (334,443) – – (82,744) – – (417,187) Translation differences on consolidation (1,085) 14,078 4,437 15,757 35 6,459 39,681 At 31 December 2021 3,782,170 1,707,485 365,426 1,856,928 43,251 368,336 8,123,596 Accumulated depreciation and impairment losses At 1 January 2020 1,035,809 361,939 3,717 1,142,297 – 20,235 2,563,997 Charge for the year 27,877 25,891 – 107,280 – 22,164 183,212 Disposal/Written off (15,238) – – (3,418) – (742) (19,398) Reclassifications (13,764) 13,805 – (41) – – – Transfer to assets held for sale (53,506) – – (10,305) – – (63,811) Impairment losses (net) 58,355 22,733 – 5,677 – 752 87,517 Translation differences on consolidation 6,288 (3,148) (75) 17,769 – 1,119 21,953 At 31 December 2020 1,045,821 421,220 3,642 1,259,259 – 43,528 2,773,470 At 1 January 2021 1,045,821 421,220 3,642 1,259,259 – 43,528 2,773,470 Charge for the year 25,763 23,834 – 105,888 – 22,553 178,038 Disposal/Written off (14,583) – – (15,916) – (7,948) (38,447) Reclassifications 39,860 – – (39,860) – – – Transfers from investment properties 5 375 (445) – 12,825 – – 12,755 Transfer to assets held for sale (36,439) – – (65,688) – – (102,127) Impairment losses reversed (net) (75,356) (15,311) – (4,044) – (664) (95,375) Translation differences on consolidation 11,613 9,904 73 11,233 – 624 33,447 At 31 December 2021 997,054 439,202 3,715 1,263,697 – 58,093 2,761,761 Carrying amounts At 1 January 2020 3,119,726 1,300,396 107,049 638,151 39,816 257,229 5,462,367 At 31 December 2020 3,044,037 1,251,243 295,569 605,375 28,648 300,812 5,525,684 At 31 December 2021 2,785,116 1,268,283 361,711 593,231 43,251 310,243 5,361,835 4 PROPERTY, PLANT AND EQUIPMENT (CONT’D) Freehold land Furniture, fittings and equipment Right-of-use assets Total $’000 $’000 $’000 $’000 Company Cost At 1 January 2020 2,570 34,411 32,293 69,274 Additions – 3,615 – 3,615 Disposal/Written off – (429) – (429) At 31 December 2020 2,570 37,597 32,293 72,460 At 1 January 2021 2,570 37,597 32,293 72,460 Additions – 4,255 1,942 6,197 Disposal/Written off – (5,595) – (5,595) At 31 December 2021 2,570 36,257 34,235 73,062 Accumulated depreciation At 1 January 2020 – 19,465 6,132 25,597 Charge for the year – 3,716 6,132 9,848 Disposal/Written off – (424) – (424) At 31 December 2020 – 22,757 12,264 35,021 Charge for the year – 4,749 6,267 11,016 Disposal/Written off – (5,518) – (5,518) At 31 December 2021 – 21,988 18,531 40,519 Carrying amounts At 1 January 2020 2,570 14,946 26,161 43,677 At 31 December 2020 2,570 14,840 20,029 37,439 At 31 December 2021 2,570 14,269 15,704 32,543 Right-of-use assets classified within property, plant and equipment Leasehold land and buildings Furniture, fittings, plant and equipment and improvements Total $’000 $’000 $’000 Group Balance at 1 January 2020 251,179 6,050 257,229 Depreciation charge for the year (20,691) (1,473) (22,164) Additions to right-of-use assets 60,884 290 61,174 Impairment loss (752) – (752) Disposal/written off (50) (5) (55) Translation differences on consolidation 5,437 (57) 5,380 Balance at 31 December 2020 296,007 4,805 300,812
RkJQdWJsaXNoZXIy ODIwNTc=