NOTES TO FINANCIAL STATEMENTS
30 June 2015
Annual Report 2015
Karin Technology Holdings Limited
85
11. PROPERTY, PLANT AND EQUIPMENT
(continued)
Leasehold
land and
Leasehold
Furniture
Office
Motor
Construction
buildings
improvements
and fixtures
equipment
vehicles
in progress
Total
HK$’000
HK$’000
HK$’000
HK$’000
HK$’000
HK$’000
HK$’000
Year ended 30 June 2014
At 1 July 2013:
Cost or valuation
6,135
2,065
397,370
Accumulated depreciation
–
(2,590)
–
Net carrying amount
2,065
At 1 July 2013, net of
accumulated depreciation
2,065
Additions
–
3,395
Transfers
–
–
–
(3,565)
–
Disposal
–
(115)
(1)
–
–
Depreciation provided
during the year
(2,170)
(2,005)
(1,123)
–
Surplus on revaluation
–
–
–
–
–
Exchange realignment
269
6
5
3
–
291
"U
+VOF
OFU PG
accumulated depreciation
7,999
6,200
3,292
"U
+VOF
Cost or valuation
Accumulated depreciation
–
(19,515)
(16,230)
–
Net carrying amount
7,999
6,200
3,292
Analysis of cost or valuation:
At cost
–
91,171
"U
+VOF
WBMVBUJPO
–
–
–
–
–
At 30 June 2015, the Group’s leasehold land and buildings consisted of four commercial properties, which are
situated in Hong Kong and Mainland China.
The Group’s leasehold land and buildings were not pledged or subject to any charges and were revalued on 30 June
2015 by BMI Appraisals Limited, independent professionally qualified valuers, on an open market value, existing
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resulted from the revaluation has been charged to profit or loss during the year.
If the leasehold land and buildings were measured using the cost model, the carrying amount as at 30 June 2015
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),
The net book value of the Group’s property, plant and equipment held under finance leases included in the total
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