YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
|
12. |
PROPERTY, PLANT AND EQUIPMENT AND RIGHT-OF-USE ASSETS |
|
|
Property, plant and equipment |
|
Right-of-use assets |
|
|||||||
|
31 December 2020 |
Leasehold improvements |
Machinery |
Furniture and fixtures |
Motor vehicles |
Total |
|
Buildings |
Machinery |
Office equipment |
Total |
Total |
|
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2019 and 1 January 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
521,460 |
1,593,891 |
132,259 |
64,371 |
2,311,981 |
|
10,491,418 |
191,432 |
53,106 |
10,735,956 |
13,047,937 |
|
Accumulated depreciation and impairment |
(232,465) |
(1,321,826) |
(56,911) |
(64,371) |
(1,675,573) |
|
(5,800,269) |
(145,387) |
(36,678) |
(5,982,334) |
(7,657,907) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amount |
288,995 |
272,065 |
75,348 |
– |
636,408 |
|
4,691,149 |
46,045 |
16,428 |
4,753,622 |
5,390,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
|
12. |
PROPERTY, PLANT AND EQUIPMENT AND RIGHT-OF-USE ASSETS (continued) |
|
|
Property, plant and equipment |
|
Right-of-use assets |
|
|||||||
|
31 December 2020 (continued) |
Leasehold improvements |
Machinery |
Furniture and fixtures |
Motor vehicles |
Total |
|
Buildings |
Machinery |
Office equipment |
Total |
Total |
|
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2020, |
288,995 |
272,065 |
75,348 |
– |
636,408 |
|
4,691,149 |
46,045 |
16,428 |
4,753,622 |
5,390,030 |
|
Additions |
380,109 |
163,163 |
23,233 |
– |
566,505 |
|
3,580,255 |
14,191 |
51,116 |
3,645,562 |
4,212,067 |
|
Acquisitions through subsidiaries and businesses |
487,507 |
529,381 |
– |
1,937 |
1,018,825 |
|
1,709,093 |
60,896 |
– |
1,769,989 |
2,788,814 |
|
Disposals |
(5,008) |
1,443 |
(546) |
– |
(4,111) |
|
– |
– |
– |
– |
(4,111) |
|
Early termination of leases |
– |
– |
– |
– |
– |
|
(800,927) |
(26,201) |
(3,787) |
(830,915) |
(830,915) |
|
Disposal of subsidiaries and businesses |
(3,343) |
(13,230) |
– |
– |
(16,573) |
|
– |
– |
– |
– |
(16,573) |
|
Depreciation provided during the year |
(392,189) |
(301,703) |
(32,147) |
(326) |
(726,365) |
|
(4,540,756) |
(29,995) |
(9,490) |
(4,580,241) |
(5,306,606) |
|
Impairment |
(807) |
(74,158) |
(1,099) |
– |
(76,064) |
|
(63,538) |
– |
– |
(63,538) |
(139,602) |
|
Exchange realignment |
7,723 |
2,841 |
733 |
(10) |
11,287 |
|
68,318 |
886 |
532 |
69,736 |
81,023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2020, net of accumulated depreciation and impairment |
762,987 |
579,802 |
65,522 |
1,601 |
1,409,912 |
|
4,643,594 |
65,822 |
54,799 |
4,764,215 |
6,174,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
|
12. |
PROPERTY, PLANT AND EQUIPMENT AND RIGHT-OF-USE ASSETS (continued) |
|
|
Property, plant and equipment |
|
Right-of-use assets |
|
|||||||
|
31 December 2020 (continued) |
Leasehold improvements |
Machinery |
Furniture and fixtures |
Motor vehicles |
Total |
|
Buildings |
Machinery |
Office equipment |
Total |
Total |
|
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
1,379,918 |
2,200,490 |
153,847 |
66,308 |
3,800,563 |
|
13,786,641 |
239,559 |
79,433 |
14,105,633 |
17,906,196 |
|
Accumulated depreciation and impairment |
(616,931) |
(1,620,688) |
(88,325) |
(64,707) |
(2,390,651) |
|
(9,143,047) |
(173,737) |
(24,634) |
(9,341,418) |
(11,732,069) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amount |
762,987 |
579,802 |
65,522 |
1,601 |
1,409,912 |
|
4,643,594 |
65,822 |
54,799 |
4,764,215 |
6,174,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
|
12. |
PROPERTY, PLANT AND EQUIPMENT AND RIGHT-OF-USE ASSETS (continued) |
|
|
Property, plant and equipment |
|
Right-of-use assets |
|
|||||||
|
31 December 2019 |
Leasehold improvements |
Machinery |
Furniture and fixtures |
Motor vehicles |
Total |
|
Buildings |
Machinery |
Office equipment |
Total |
Total |
|
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
594,181 |
1,506,518 |
88,728 |
110,401 |
2,299,828 |
|
4,969,278 |
151,145 |
27,980 |
5,148,403 |
7,448,231 |
|
Accumulated depreciation and impairment |
(162,303) |
(1,063,199) |
(41,937) |
(64,939) |
(1,332,378) |
|
– |
– |
– |
– |
(1,332,378) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amount |
431,878 |
443,319 |
46,791 |
45,462 |
967,450 |
|
4,969,278 |
151,145 |
27,980 |
5,148,403 |
6,115,853 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2019, |
431,878 |
443,319 |
46,791 |
45,462 |
967,450 |
|
4,969,278 |
151,145 |
27,980 |
5,148,403 |
6,115,853 |
|
Additions |
64,635 |
151,372 |
58,215 |
– |
274,222 |
|
2,653,846 |
– |
– |
2,653,846 |
2,928,068 |
|
Disposals |
(35,804) |
(72,031) |
(14,800) |
(46,030) |
(168,665) |
|
– |
– |
– |
– |
(168,665) |
|
Early termination of leases |
– |
– |
– |
– |
– |
|
(42,338) |
– |
– |
(42,338) |
(42,338) |
|
Disposal of subsidiaries and businesses |
(67,081) |
(10,097) |
(644) |
– |
(77,822) |
|
(140,409) |
(73,134) |
(2,624) |
(216,167) |
(293,989) |
|
Depreciation provided during the year |
(109,169) |
(246,088) |
(26,641) |
– |
(381,898) |
|
(2,753,244) |
(32,110) |
(8,969) |
(2,794,323) |
(3,176,221) |
|
Exchange realignment |
4,536 |
5,590 |
12,427 |
568 |
23,121 |
|
4,016 |
144 |
41 |
4,201 |
27,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2019, |
288,995 |
272,065 |
75,348 |
– |
636,408 |
|
4,691,149 |
46,045 |
16,428 |
4,753,622 |
5,390,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
|
12. |
PROPERTY, PLANT AND EQUIPMENT AND RIGHT-OF-USE ASSETS (continued) |
|
|
Property, plant and equipment |
|
Right-of-use assets |
|
|||||||
|
31 December 2019 (continued) |
Leasehold improvements |
Machinery |
Furniture and fixtures |
Motor vehicles |
Total |
|
Buildings |
Machinery |
Office equipment |
Total |
Total |
|
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
US$ |
US$ |
US$ |
US$ |
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2019: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
521,460 |
1,593,891 |
132,259 |
64,371 |
2,311,981 |
|
10,491,418 |
191,432 |
53,106 |
10,735,956 |
13,047,937 |
|
Accumulated depreciation and impairment |
(232,465) |
(1,321,826) |
(56,911) |
(64,371) |
(1,675,573) |
|
(5,800,269) |
(145,387) |
(36,678) |
(5,982,334) |
(7,657,907) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amount |
288,995 |
272,065 |
75,348 |
– |
636,408 |
|
4,691,149 |
46,045 |
16,428 |
4,753,622 |
5,390,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|