FINANCIAL REPORT
8 . Property , Plant and Equipment
Gross Carrying Amount
Land and Buildings
$
Leasehold Improvements
$
Furniture and Office equipment
$
Motor Vehicles
$
Make Good $
Finance Lease Asset
Balance at 1 January 2019 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 ) 2019
$
Total
( 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 ) Balance at 31 December 2019 18,782,283 22,330,857 4,097,245 179,247 1,740,658 - 47,130,290 Additions 1,132,857 1,730,875 442,887 - 147,400 - 3,454,019 Assets under construction ( WIP ) 3,252,437 843,807 64,744 - - - 4,160,988 Reverse Assets under construction ( WIP ) 2020
( 1,401,837 ) ( 231,211 ) ( 64,742 ) - - - ( 1,697,790 )
Transferred from Intangibles - - 23,365 - - - 23,365 Disposals - - - ( 76,100 ) - - ( 76,100 ) Write-offs - - ( 767,313 ) - - - ( 767,313 ) Balance at 31 December 2020 21,765,740 24,674,328 3,796,186 103,147 1,888,058 - 52,227,459
Accumulated Depreciation Balance at 1 January 2019 ( 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 ) Disposals - - - 30,821 - - 30,821 Write-offs - - 763,313 - - - 763,313 Transferred from Intangibles - - ( 18,173 ) - - - ( 18,173 ) Depreciation expense ( 299,331 ) ( 1,348,474 ) ( 570,038 ) ( 1,193 ) ( 98,042 ) - ( 2,317,078 ) Balance at 31 December 2020 ( 2,930,028 ) ( 12,986,076 ) ( 1,919,637 ) ( 103,147 ) ( 1,577,241 ) - ( 19,516,129 )
Net Book Value As at 31 December 2019 16,151,586 10,693,255 2,002,506 46,472 261,459 - 29,155,278 As at 31 December 2020 18,835,712 11,688,252 1,876,549 - 310,817 - 32,711,330
$
23