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Property plant and equipment net | 12 Months Ended
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Dec. 31, 2022
Property, plant and equipment | Note 8: Property, plant and equipment, net
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | US$’000 |  |  | US$’000 |
Office premises* |  |  | 673 |  |  |  | 673 |
Leasehold improvements |  |  | 67 |  |  |  | 125 |
Furniture, fixtures and office equipment |  |  | 311 |  |  |  | 439 |
Motor vehicles |  |  | 173 |  |  |  | 175 |
Testing equipment |  |  | 32 |  |  |  | 37 |
|  |  | 1,256 |  |  |  | 1,449 |
Less: Accumulated depreciation |  |  | (1,077 | ) |  |  | (1,234 | )
|  |  | 179 |  |  |  | 215 |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Depreciation charge |  |  | 33 |  |  |  | 38 |  |  |  | 49 |
* 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 these consolidated financial statements. The net book value of the property at December 31, 2022 is approximately US$84,000 (2021: US$88,000).
ZHEJIANG TIANLAN |
Property, plant and equipment |
9. | Property, plant and equipment
|  |  |  |  | December 31, |
|  |  |  |  | 2022 |  |  | 2021 |
|  |  |  |  | RMB’000 |  |  | RMB’000 |
Building and leasehold improvements |  |  |  |  |  | 167,874 |  |  |  | 167,874 |
Furniture, fixtures and office equipment |  |  |  |  |  | 3,795 |  |  |  | 3,694 |
Motor vehicles |  |  |  |  |  | 4,610 |  |  |  | 4,647 |
Plant and machineries |  |  |  |  |  | 10,619 |  |  |  | 10,097 |
Total |  |  |  |  |  | 186,898 |  |  |  | 186,312 |
Less: Accumulated depreciation and amortization |  |  |  |  |  | (82,252 | ) |  |  | (76,008 | )
Accumulated impairment losses |  |  |  |  |  | (36,241 | ) |  |  | (36,241 | )
Total |  |  |  |  |  | (118,493 | ) |  |  | (112,249 | )
Net |  |  |  |  |  | 68,405 |  |  |  | 74,063 |
|  | Year ended December 31,
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Depreciation charge |  |  | 6,580 |  |  |  | 6,466 |  |  |  | 6,359 |
At December 31, 2022, 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 RMB1,275,000 (2021: RMB1,524,000).

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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