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Property, plant and equipment, net

12 Months Ended

Dec. 31, 2019

Property, plant and equipment

		December 31,
		2019				2018
		US$’000				US$’000
Office premises*			1,866				1,866
Leasehold improvements			155				156
Furniture, fixtures and office equipment			511				591
Motor vehicles			173				173
Testing equipment			37				37
			2,742				2,823
Less: Accumulated depreciation			(2,042	)			(2,069	)
			700				754

		Year ended December 31,
		2019				2018				2017
		US$’000				US$’000				US$’000
Depreciation charge			69				60				61

* Far East earns rental income from a property in Beijing, PRC for which it does not hold the title. Far East is investigating various ways in which to obtain the title but has not formulated a specific plan as of the date of issuance of this consolidated financial statements. The net book value of the property at December 31, 2019 is approximately US$96,000 (2018: US$100,000).

ZHEJIANG TIANLAN

Property, plant and equipment

		December 31,
		2019				2018
		RMB’000				RMB’000
Building and leasehold improvements			167,874				56,665
Furniture, fixtures and office equipment			3,543				11,090
Motor vehicles			4,808				4,390
Plant and machineries			8,937				111,928
Total			185,162				184,073
Less: Accumulated depreciation and amortization			(63,881	)			(57,795	)
Accumulated impairment losses			(33,500	)			(33,500	)
Total			(97,381	)			(91,295	)
Net			87,781				92,778

		Year ended December 31,
		2019				2018				2017
		RMB’000				RMB’000				RMB’000
Depreciation charge			6,556				11,755				12,647

At December 31, 2019, the net book value of property, plant and equipment pledged as security for the Company’s bank loans and third party loans amounted to approximately RMB84,598,000 (2018: RMB90,248,000).

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- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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