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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
15. Property, Plant and
Equipment
59
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Leasehold
property, furniture,
Land and aircrafts, equipment and
buildings
motor vehicles
Total
Cost
At 1 January 2011
79,992
145,116
225,108
Additions
16,591
17,548
34,139
Disposals
-
(26,872)
(26,872)
Currency effect
(1,414)
(5,470)
(6,884)
At 31 December 2011
95,169
130,322
225,491
Depreciation
At 1 January 2011
3,691
71,698
75,389
Charge for the year
1,210
20,560
21,770
Impairment for the year
-
5,955
5,955
Disposals/transfers
(599)
(8,489)
(9,088)
Currency effect
388
(3,860)
(3,472)
At 31 December 2011
4,690
85,864
90,554
Cost
At 1 January 2010
1,656
5,854
7,510
Conversion of associate
to a subsidiary
57,322
95,295
152,617
Acquisition of a subsidiary
18,225
56,777
75,002
Additions
2,855
5,638
8,493
Disposals
(785)
(18,500)
(19,285)
Currency effect
719
52
771
At 31 December 2010
79,992
145,116
225,108
Depreciation
At 1 January 2010
653
3,922
4,575
Conversion of associate
to a subsidiary
1,436
48,091
49,527
Acquisition of a subsidiary
1,255
29,461
30,716
Charge for the year
583
8,639
9,222
Impairment reversal
(936)
(2,300)
(3,236)
Disposals/transfers
(23)
(16,168)
(16,191)
Currency effect
723
54
777
At 31 December 2010
3,691
71,699
75,390
Net book value
At 31 December 2011
90,479
44,458
134,937
At 31 December 2010
76,301
73,417
149,718
Land and buildings at 31 December 2011 included cost of land aggregated $75.9
million (2010: $64.1 million).
Leasehold property at 31 December 2011 aggregated $36.0 million (2010: $52.1
million), less accumulated depreciation of $23.2 million (2010: $21.8 million).