Positioning for the Future | 133
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(cont’d)
2.21 New standards and interpretations not adopted
A number of new standards, amendments to standards and interpretations are effective for annual periods
beginning after 1 January 2014, and have not been applied in preparing these mnancial statements. None
of these are expected to have a signimcant effect on the mnancial statements of the Group and the Company.
The Group does not plan to adopt these standards early.
3
PROPERTY, PLANT AND EQUIPMENT
Serviced
residence
properties
$’000
Other
leasehold
buildings
$’000
Plant,
machinery
and
improvements
$’000
Motor
vehicles
$’000
Furniture,
ÀWWLQJV DQG
equipment
$’000
Assets
under
construction
$’000
Total
$’000
The Group
Cost
At 1 January 2014,
as restated
471,912
34,291
59,375
2,924
374,126
23,795 966,423
Translation differences
(2,873)
–
(752)
22
(6,611)
(754) (10,968)
Additions
5,530
–
15,235
94
65,972
39,909 126,740
Acquisition of
subsidiaries
88,002
–
15
98
6,928
111
95,154
Disposal of subsidiaries
–
–
(31)
–
(6)
–
(37)
Disposals/Written off
(1,044)
–
(10,687)
(174)
(29,319)
(141) (41,365)
Reclassimcation
from/(to) other
category of assets
(18,146)
244,193
(26)
–
6,722
(371) 232,372
Reclassimcations
(2,425)
–
3,461
–
1,347
(2,383)
–
At 31 December 2014
540,956
278,484
66,590
2,964
419,159
60,166 1,368,319
Accumulated
depreciation and
impairment loss
At 1 January 2014,
as restated
15,403
15,383
42,368
1,478
225,385
– 300,017
Translation differences
641
–
(1,047)
(1)
(4,210)
–
(4,617)
Depreciation for the year
2,599
3,381
5,726
435
52,479
–
64,620
Disposal of subsidiaries
–
–
(5)
–
(1)
–
(6)
Disposals/Written off
(597)
–
(10,304)
(160)
(27,887)
– (38,948)
Reclassimcation to other
category of assets
–
–
–
–
(103)
–
(103)
Reclassimcations
(158)
–
158
–
–
–
–
At 31 December 2014
17,888
18,764
36,896
1,752
245,663
– 320,963
Carrying amounts
At 1 January 2014,
as restated
456,509
18,908
17,007
1,446
148,741
23,795 666,406
At 31 December 2014
523,068
259,720
29,694
1,212
173,496
60,166 1,047,356
