KU Annual Report KU Annual Report 2019 | Page 53

FINANCIALS 2019
8. Property, Plant and Equipment
Land and
Buildings
Leasehold
Improvements
Furniture
and Office
Equipment
Motor
Vehicles
Make Good
Finance
Lease Asset
Total
$ $ $ $ $ $ $
Gross Carrying Amount
Balance at
1 January 2018 9,185,378 16,685,554 2,496,460 179,247 1,540,379 437,356 30,524,374
Additions 1,985,065 2,237,339 799,648 - 213,014 114,108 5,349,174
Assets under
construction (WIP) 102,260 322,751 40,686 - - - 465,697
Reclassification (261,945) 261,945 - - - - -
Disposals - - - - (12,735) - (12,735)
Balance at
31 December 2018 11,010,758 19,507,589 3,336,794 179,247 1,740,658 551,464 36,326,510
Additions 6,471,948 2,918,837 838,543 - - - 10,229,328
Assets under
construction (WIP) 1,401,837 231,211 64,742 - - - 1,697,790
Reverse Assets under
construction (WIP) 2018 (102,260) (322,751) (40,686) - - - (465,697)
Transferred to
Right-of-Use Assets - - - - - (551,464) (551,464)
Disposals - (4,029) (102,148) - - - (106,177)
KU
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Balance at
31 December 2019 18,782,283 22,330,857 4,097,245 179,247 1,740,658 - 47,130,290
Accumulated Depreciation
Balance at
1 January 2018 (2,203,277) (9,621,484) (1,319,341) (116,337) (1,417,472) (268,193) (14,946,104)
Disposals - - - - - - -
Reclassification 1,088 (1,088) - - - - -
Depreciation expense (198,736) (898,411) (379,770) (8,219) (43,145) (59,602) (1,587,883)
Balance at
31 December 2018 (2,400,925) (10,520,983) (1,699,111) (124,556) (1,460,617) (327,795) (16,533,987)
Disposals - 1,007 91,634 - - - 92,641
Transferred to
Right-of-Use Assets - - - - - 327,795 327,795
Depreciation expense (229,772) (1,117,626) (487,262) (8,219) (18,582) - (1,861,461)
Balance at
31 December 2019 (2,630,697) (11,637,602) (2,094,739) (132,775) (1,479,199) - (17,975,012)
Net Book Value
As at 31 December 2018 8,609,833 8,986,606 1,637,683 54,691 280,041 223,669 19,792,523
As at 31 December 2019 16,151,586 10,693,255 2,002,506 46,472 261,459 - 29,155,278
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