NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 5. PLANT AND EQUIPMENT (continued) Group Improvement to premises Plant and machinery Motor vehicles Furniture, fittings and equipment Total $’000 $’000 $’000 $’000 $’000 Less: Accumulated depreciation At 1 January 2022 11,438 613 60 6,656 18,767 Charge for the year 41 196 37 890 1,164 Disposal/written off (7) – (61) (1,730) (1,798) Reclassification to investment property-depreciation offset (54) – – – (54) Translation difference on consolidation (949) (55) (1) (483) (1,488) At 31 December 2022 10,469 754 35 5,333 16,591 Charge for the year 56 138 41 718 953 Disposal/written off (10) (56) – (780) (846) Reclassified to assets held for sale (Note 10) (9) (29) – (1) (39) Translation difference on consolidation (304) (41) (2) (213) (560) At 31 December 2023 10,202 766 74 5,057 16,099 Carrying amounts At 1 January 2022 240 940 17 2,552 3,749 At 31 December 2022 420 678 83 1,798 2,979 At 31 December 2023 223 526 39 1,367 2,155 6. SUBSIDIARIES Trust 2023 2022 $’000 $’000 Non-current assets (a) Unquoted equity, at cost 695,794 696,535 Less: Allowance for impairment loss (34,738) (24,061) 661,056 672,474 (b) Loans to subsidiaries 200,736 203,746 Non-trade amounts due from subsidiaries 2,005,134 2,065,082 2,205,870 2,268,828 2,866,926 2,941,302 Current assets (b) Non-trade amounts due from subsidiaries 1,897 4,390 Movement in allowance for impairment loss was as follows: Trust 2023 2022 $’000 $’000 At 1 January (24,061) (27,284) Allowance for impairment loss (10,677) (7,936) Write off for impairment loss – 11,159 At 31 December (34,738) (24,061) ANNUAL REPORT 2023 185 Financials Framework Portfolio Performance Leadership Overview
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