Notes to the Consolidated Financial Statements
(Thousands of US dollars)
57
Dar Al-Maal Al-Islami Trust
Annual Report 2013
15. Property, Plant and
Equipment
Leasehold
property, furniture,
Land and
equipment and
buildings
motor vehicles
Total
Cost
At 1 January 2013
103,635
107,057
210,692
Additions
-
7,034
7,034
Disposals
(428)
(5,561)
(5,989)
Transfer from investment
property
12,681
-
12,681
Currency effect
(4,169)
(4,381)
(8,550)
At 31 December 2013
111,719
104,149
215,868
Depreciation
At 1 January 2013
8,540
83,398
91,938
Charge for the year
1,722
7,456
9,178
Impairment for the year
2,804
-
2,804
Disposals/transfers
-
(2,151)
(2,151)
Currency effect
1,141
(4,003)
(2,862)
At 31 December 2013
14,207
84,700
98,907
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
Net book value
At 31 December 2013
97,512
19,449
116,961
At 31 December 2012
95,095
23,659
118,754
Land and buildings at 31 December 2013 included cost of land aggregated $84.2
million (2012: $74.7 million).
Leasehold property at 31 December 2013 aggregated $29.1 million (2012: $30.8
million), less accumulated depreciation of $21.7 million (2012: $22.0 million).
