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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
62
Dar Al-Maal Al-Islami Trust
Annual Report 2014
16. Property, Plant and
Equipment
Leasehold
property, furniture,
Land and
equipment and
buildings
motor vehicles
Total
Cost
At 1 January 2014
111,719
104,149
215,868
Additions
4,803
5,470
10,273
Disposals
(4,853)
(3,923)
(8,776)
Currency effect
3,272
2,943
6,215
At 31 December 2014
114,941
108,639
223,580
Depreciation
At 1 January 2014
14,207
84,700
98,907
Charge for the year
1,478
6,581
8,059
Disposals
-
(67)
(67)
Currency effect
1,622
271
1,893
At 31 December 2014
17,307
91,485
108,792
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
Net book value
At 31 December 2014
97,634
17,154
114,788
At 31 December 2013
97,512
19,449
116,961
Land and buildings at 31 December 2014 included cost of land aggregated
$83.2 million (2013: $84.2 million).
Leasehold property at 31 December 2014 aggregated $29.6 million (2013: $29.1
million), less accumulated depreciation of $23.6 million (2013: $21.7 million).