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Notes to the
financial statements
For the financial year ended 31 December 2018
104
B A K E R T E C H N O L O G Y
L I M I T E D
10.
Property, plant and equipment
Group
Leasehold
lands and
buildings
Leasehold
improvements
Assets
under
construction
$’000
$’000
$’000
Cost:
At 1 January 2017
16,740
8,014
547
Additions
–
80
24
Transfer from work-in-progress
–
–
–
Reclassification
–
560
(571)
At 31 December 2017 and
1 January 2018
16,740
8,654
–
Exchange differences
–
–
(5)
Acquisition of subsidiary
–
–
1,317
Additions
–
77
–
Disposal/write off
–
–
–
Reclassification
–
–
(1,312)
At 31 December 2018
16,740
8,731
–
Accumulated depreciation:
At 1 January 2017
8,688
4,650
–
Depreciation charge for the year
932
1,056
–
At 31 December 2017 and 1 January 2018
9,620
5,706
–
Depreciation charge for the year
932
1,113
–
At 31 December 2018
10,552
6,819
–
Net carrying amount:
At 1 January 2017
8,052
3,364
547
At 31 December 2017
7,120
2,948
–
At 31 December 2018
6,188
1,912
–