125 ANNUAL REPORT 2024 Notes to The Financial Statements 31 December 2024 11. Property, plant and equipment (cont’d) Buildings on leasehold land Machinery and equipment Motor vehicles Computer equipment, furniture and fixtures Construction in progress Total Company $ $ $ $ $ $ Cost: At 1 January 2023 3,574,468 756,226 975,477 2,624,024 – 7,930,195 Additions – 54,313 752,941 132,751 77,435 1,017,440 Disposals/written off (3,228,240) (728,914) (181,146) (272,809) – (4,411,109) At 31 December 2023 346,228 81,625 1,547,272 2,483,966 77,435 4,536,526 Additions – 96,550 240,472 20,470 2,304,823 2,662,315 Disposals/written off – (2,115) (188,323) (618,900) – (809,338) At 31 December 2024 346,228 176,060 1,599,421 1,885,536 2,382,258 6,389,503 Accumulated depreciation: At 1 January 2023 3,114,092 260,075 731,466 2,552,976 – 6,658,609 Depreciation for the year 65,345 47,587 175,242 32,770 – 320,944 Disposals/written off (3,053,313) (263,997) (48,306) (234,413) – (3,600,029) At 31 December 2023 126,124 43,665 858,402 2,351,333 – 3,379,524 Depreciation for the year 11,541 25,530 205,415 51,090 – 293,576 Disposals/written off – (2,115) (188,323) (618,900) – (809,338) At 31 December 2024 137,665 67,080 875,494 1,783,523 – 2,863,762 Carrying value: At 1 January 2023 460,376 496,151 244,011 71,048 – 1,271,586 At 31 December 2023 220,104 37,960 688,870 132,633 77,435 1,157,002 At 31 December 2024 208,563 108,980 723,927 102,013 2,382,258 3,525,741 The useful lives of Group and Company’s property, plant and equipment are as follows: Freehold buildings – 50 years Buildings on leasehold land – 20 to 30 years Machinery and equipment – 5 to 12 years Motor vehicles – 3 to 5 years Computer equipment, furniture and fixtures – 3 to 5 years Freehold land and construction in progress are not depreciated. The depreciation expense is charged to profit or loss under: Group 2024 2023 $ $ Cost of sales 67,939 59,301 Operating expenses 895,545 951,772 Total 963,484 1,011,073
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