Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Note 5. Property, Plant and Equipment

Property, plant and equipment consists of the following:


(in millions)	2014			2013
Land	$	8.8		$	7.5
Buildings		20.7			10.8
Equipment		151.8			152.9
Work in progress		5.7			3.9

		187.0			175.1
Less accumulated depreciation		(106.2	)		(114.7	)

	$	80.8		$	60.4

Of the total net book value of equipment at December 31, 2014 $2.2 million are in respect of assets held under finance leases. At December 31, 2013 no amounts are in respect of assets held under finance leases.

Depreciation charges were $10.6 million, $8.9 million and $7.0 million in 2014, 2013 and 2012, respectively.

The estimated additional cost to complete work in progress is $1.4 million (2013 – $2.2 million).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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