KU2021
8 . Property , Plant and Equipment
Gross Carrying Amount
Land and buildings
Leasehold improvements
Furniture and Office equipment
Motor Vehicles
Make Good
Total $ $ $ $ $ $
Balance at 1 January 2020 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
Transfer Assets under construction ( WIP ) 2019
( 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 Additions 4,949,527 1,559,987 499,915 - 30,000 7,039,429 Assets under construction ( WIP ) 5,443,925 1,265,073 11,140 - - 6,720,138
Transfer Assets under construction ( WIP ) 2020
( 3,252,437 ) ( 843,807 ) ( 64,744 ) - - ( 4,160,988 )
Transferred to Right-of-Use Assets - - - - - - Disposals ( 924,688 ) ( 354,785 ) ( 96,092 ) - ( 51,400 ) ( 1,426,965 ) Balance at 31 December 2021 27,982,067 26,300,796 4,146,405 103,147 1,888,058 60,399,073
Accumulated Depreciation Balance at 1 January 2020 ( 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 ) Disposals 509,990 232,829 31,506 - - 774,325 Write-offs - - - - 51,400 51,400 Depreciation expense ( 311,113 ) ( 1,332,064 ) ( 606,787 ) - ( 59,427 ) ( 2,309,391 ) Balance at 31 December 2021 ( 2,731,151 ) ( 14,085,311 ) ( 2,494,918 ) ( 103,147 ) ( 1,585,268 ) ( 20,999,795 )
Net Book Value As at 31 December 2020 18,835,712 11,688,252 1,876,549 - 310,817 32,711,330 As at 31 December 2021 25,250,916 12,215,485 1,651,486 - 281,390 39,399,278
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