Page 47 - NZPM Annual Report 2017
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11. PROPERTY, PLANT AND EQUIPMENT
2017 2016
$’000 $’000
Property, plant and equipment carrying value comprises:
Capital work in progress 327 88
Leasehold improvements 2,270 2,409
Plant and equipment 980 1,306
Motor vehicles 340 260
Computer equipment 201 275
Total carrying amount at the end of the year 4,118 4,338
Property, plant and equipment
Cost 21,386 21,212
Accumulated depreciation (17,048) (17,283)
Carrying amount at the beginning of the year 4,338 3,929
Movements during the year:
Cost
Acquisitions 1,316 1,794
Disposals (3,600) (1,620)
Accumulated depreciation
Disposals 3,440 1,606
Depreciation for the year (1,376) (1,371)
Cost 19,102 21,386
Accumulated depreciation (14,984) (17,048)
Carrying amount at the end of the year 4,118 4,338
(i) Security
Secured borrowing facilities are secured over the assets of NZPM Group Limited and certain subsidiaries by
way of a General Security Agreement (GSA).
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