4.
INVESTMENT PROPERTIES
(continued)
Investment properties comprise retail properties that are held mainly for use by tenants under
operating leases. Most leases contain an initial non-cancellable period of within 1 to 3 years
(2013: within 1 to 3 years).
Contingent rents, representing income based on certain sales achieved by tenants, recognised
in the statement of total return during the year amounted to $11.9 million (2013: $7.6 million).
5.
PLANT AND EQUIPMENT
Improvement
to premises
Plant and
machinery
Motor
vehicles
Furniture,
fittings and
equipment
Total
$’000
$’000
$’000
$’000
$’000
Group
Cost
At 1 January 2013
6,982
371
157
5,063
12,573
Assets acquired
44
–
155
1,989
2,188
Additions
1,344
–
–
694
2,038
Disposal/written off
(652)
(56)
(118)
(1,504)
(2,330)
Translation difference on
consolidation
376
20
7
254
657
At 31 December 2013
8,094
335
201
6,496
15,126
Additions
2,387
–
–
663
3,050
Disposal/written off
(46)
(36)
(68)
(910)
(1,060)
Translation difference on
consolidation
283
10
4
203
500
At 31 December 2014
10,718
309
137
6,452
17,616
Less: Accumulated
depreciation
At 1 January 2013
2,921
211
145
3,469
6,746
Assets acquired
12
–
111
677
800
Charge for the year
1,405
48
1
578
2,032
Disposal/written off
(639)
(51)
(106)
(1,353)
(2,149)
Translation difference on
consolidation
175
12
6
179
372
At 31 December 2013
3,874
220
157
3,550
7,801
Charge for the year
1,586
45
16
1,050
2,697
Disposal/written off
(35)
(33)
(55)
(843)
(966)
Translation difference on
consolidation
181
8
4
132
325
At 31 December 2014
5,606
240
122
3,889
9,857
Carrying amounts
At 1 January 2013
4,061
160
12
1,594
5,827
At 31 December 2013
4,220
115
44
2,946
7,325
At 1 January 2014
4,220
115
44
2,946
7,325
At 31 December 2014
5,112
69
15
2,563
7,759
Delivering Performance | 105
