Notes to the Consolidated Financial Statements
(Thousands of US dollars)
56
Dar Al-Maal Al-Islami Trust
Annual Report 2012
15. Property, Plant and
Equipment
Leasehold
property, furniture,
Land and aircrafts, equipment and
buildings
motor vehicles
Total
Cost
At 1 January 2012
95,169
130,322
225,491
Additions
9,402
16,361
25,763
Disposals
-
(33,908)
(33,908)
Transfer from investment
property
84
-
84
Currency effect
(1,020)
(5,718)
(6,738)
At 31 December 2012
103,635
107,057
210,692
Depreciation
At 1 January 2012
4,690
85,864
90,554
Charge for the year
1,772
9,221
10,993
Impairment for the year
-
(5,955)
(5,955)
Disposals/transfers
-
(4,061)
(4,061)
Currency effect
2,078
(1,671)
407
At 31 December 2012
8,540
83,398
91,938
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
Net book value
At 31 December 2012
95,095
23,659
118,754
At 31 December 2011
90,479
44,458
134,937
Land and buildings at 31 December 2012 included cost of land aggregated $74.7
million (2011: $75.9 million).
Leasehold property at 31 December 2012 aggregated $30.8 million (2011: $36.0
million), less accumulated depreciation of $22.0 million (2011: $23.2 million).
