KU Annual Report 2007 - Page 29

10. PROPERTY, PLANT AND EQUIPMENT Land & Buildings Plant & Equipment Motor Vehicles at Cost at Cost at Cost Total $ $ $ $ Balance at 1 January 2005 4,973,010 904,243 348,630 6,225,883 Additions 1,689,587 124,007 155,119 1,968,713 Disposals - - (166,314) (166,314) Balance at 31 December 2006 6,662,597 1,028,250 337,435 8,028,282 Additions 1,531,574 225,656 27,411 1,784,641 Disposals - - (64,047) (64,047) 8,194,171 1,253,906 300,799 9,748,876 (1,256,052) (591,520) (169,923) (2,017,495) - - 59,759 59,759 (259,803) (142,864) (40,100) (442,767) (1,515,855) (734,384) (150,264) (2,400,503) - - 19,715 19,715 (336,893) (116,809) (34,579) (488,281) (1,852,748) (851,193) (165,128) (2,869,069) As at 31 December 2006 5,146,740 293,866 187,171 5,627,777 As at 31 December 2007 6,341,423 402,713 135,671 6,879,807 Gross Carrying Amount Balance at 31 December 2007 Accumulated Depreciation Balance at 1 January 2005 Disposals Depreciation expense Balance at 31 December 2006 Disposals Depreciation expense Balance at 31 December 2007 Net Book Value Land and buildings include buildings on leased property. 2007 2006 $ $ Land, buildings and improvements 336,893 259,803 Furniture and office equipment 116,809 142,864 34,579 40,100 488,281 442,767 Aggregate depreciation allocated, whether recognised as an expense or capitalised as part of the carrying amount of other assets during the year: Motor vehicles KU’s 112 Annual Report 2007 th 29