Sample Disclosure – Note on Property, Plant and Equipment (4 December 2008)

PROPERTY, PLANT AND EQUIPMENT

 

Freehold land and buildings

Furniture & fittings

Total

 

$

$

$

 

 

 

 

At day/month/year (beginning) and day/month/year (end)

xxx,xxx

xxx,xxx

xxx,xxx

Valuation

x,xxx,xxx

x,xxx,xxx

Cost

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

       
Accumulated depreciation      
At day/month/year (beginning)

x,xxx

x,xxx

x,xxx

Charge for the financial year (current year)

x,xxx

x,xxx

x,xxx

At day/month/year (end)

xx,xxx

xx,xxx

xx,xxx

       
Net Book Value at day/month/year (end)

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

       
       
Net Book Value at day/month/year (beginning)

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

       
Depreciation charge for the financial year      
ended day/month/year (previous year)

x,xxx

x,xxx

x,xxx

       
*Analysis of valuation of land :      
If freehold land had not been revalued, it would have been included in the following amounts:  
       
   

Current year

Previous year

   

$

$

       
At cost:      
Freehold land  

xx,xxx

xx,xxx

       
       

The freehold land was revalued by the Directors based on an open market value basis on day/month/year (date of valuation).

The net book value of assets under hire purchase financiang amounted to $xx,xxx (Previous year: $xx,xxx).

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