TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
79
Notes to the financial statements
For the financial year ended 31 March 2016
20.
Property, plant and equipment
Group
Furniture,
fixtures and
equipment
Kitchen
equipment
Leasehold
property
Motor
vehicles
Total
$
$
$
$
$
Cost:
At 1 April 2014
30,615,570 10,282,461 4,405,867 1,327,130 46,631,028
Additions
1,421,872
199,647
–
394,939 2,016,458
Disposals
(416,272)
(2,230)
–
(510,254)
(928,756)
Disposal of a subsidiary
(2,634,886)
(1,253,061)
–
(28,077)
(3,916,024)
Exchange differences
42,347
(6,462)
–
(1,118)
34,767
At 31 March 2015 and 1 April 2015
29,028,631 9,220,355 4,405,867 1,182,620 43,837,473
Additions
1,577,274
654,777
–
340,560 2,572,611
Write-off
(3,337,868)
(572,158)
–
– (3,910,026)
Exchange differences
(96,466)
(29,930)
–
–
(126,396)
At 31 March 2016
27,171,571 9,273,044 4,405,867 1,523,180 42,373,662
Accumulated depreciation:
At 1 April 2014
16,146,636 5,767,142
947,628
820,877 23,682,283
Depreciation
3,566,970 1,190,985
87,823
182,690 5,028,468
Disposals
(415,471)
(1,303)
–
(510,254)
(927,028)
Disposal of a subsidiary
(615,747)
(291,178)
–
(12,870)
(919,795)
Exchange differences
28,782
4,101
–
(512)
32,371
At 31 March 2015 and 1 April 2015
18,711,170 6,669,747 1,035,451
479,931 26,896,299
Depreciation
3,148,775
886,903
88,117
264,359 4,388,154
Write-off
(2,656,258)
(559,293)
–
– (3,215,551)
Exchange differences
(48,019)
(13,721)
–
–
(61,740)
At 31 March 2016
19,155,668 6,983,636 1,123,568
744,290 28,007,162
Impairment:
At 1 April 2014
3,223,842
551,219
–
15,813 3,790,874
Disposal of a subsidiary
(544,115)
(214,289)
–
(15,813)
(774,217)
Exchange differences
(30,835)
–
–
–
(30,835)
At 31 March 2015 and 1 April 2015
2,648,892
336,930
–
– 2,985,822
Write-off
(670,894)
–
–
–
(670,894)
At 31 March 2016
1,977,998
336,930
–
– 2,314,928
Carrying amount:
At 31 March 2015
7,668,569 2,213,678 3,370,416
702,689 13,955,352
At 31 March 2016
6,037,905 1,952,478 3,282,299
778,890 12,051,572
