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Property plant and equipment net

12 Months Ended

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

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