KU Annual Report 2009 | Page 31

11. Property, Plant and Equipment Land and buildings at cost $ Plant and equipment at cost $ Motor Vehicles at cost $ Total $ Gross Carrying Amount Balance at 1 January 2008 Additions Disposals Balance at 31 December 2008 Additions for 2009 Work in Progress Disposals for 2009 7,460,378 2,018,351 - 9,478,729 1,137,370 1,060,929 - 2,030,065 150,085 - 2,180,150 366,674 445,343 - 300,801 104,751 (118,296) 287,256 33,653 - (27,411) 9,791,244 2,273,187 (118,296) 11,946,135 1,537,697 1,506,272 (27,411) Balance at 31 December 2009 11,677,028 2,992,167 293,498 14,962,693 Accumulated Depreciation Balance at 1 January 2008 Disposals Depreciation expense Balance at 31 December 2008 Disposals for 2009 Depreciation expense for 2009 (1,895,116) - (403,068) (2,298,184) - (474,048) (851,193) - (118,616) (969,809) - (168,887) (165,128) 36,110 (28,980) (157,998) 7,581 (26,253) (2,911,437) 36,110 (550,664) (3,425,991) 7,581 (669,189) Balance at 31 December 2009 (2,772,232) (1,138,696) (176,670) (4,087,599) 7,180,545 8,904,796 1,210,341 1,853,471 129,258 116,828 8,520,144 10,875,095 Net Book Value As at 31 December 2008 As at 31 December 2009 Land and buildings includes buildings on leased property. 2009 2008 $ $ Aggregate depreciation allocated, whether recognised as an expense or capitalised as part of the carrying amount of other assets during the year: Land, buildings and improvements 474,048 403,068 Furniture and office equipment 168,887 118,616 26,253 28,980 669,189 550,664 Motor vehicles The Centres Capital upgrade program which commenced in 2007 continued during 2009 and is reflected in the additions to Property, Plant & Equipment. This program will continue during 2010. Continues... 114th Annual Report 2009 31