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Property plant and equipment net | 12 Months Ended
--- | ---
Dec. 31, 2024
Property plant and equipment net |
Property, plant and equipment | Note 8: Property, plant and equipment, net
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | US$’000 |  |  | US$’000 |
Office premises* |  |  | 673 |  |  |  | 673 |
Leasehold improvements |  |  | 67 |  |  |  | 67 |
Furniture, fixtures and office equipment |  |  | 311 |  |  |  | 313 |
Motor vehicles |  |  | 172 |  |  |  | 172 |
Testing equipment |  |  | 28 |  |  |  | 32 |
|  |  | 1,251 |  |  |  | 1,257 |
Less: Accumulated depreciation |  |  | (1,092 | ) |  |  | (1,089 | )
|  |  | 159 |  |  |  | 168 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Depreciation charge |  |  | 14 |  |  |  | 15 |  |  |  | 33 |
* 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, 2024 is approximately US$76,000 (2023: US$80,000).
ZHEJIANG TIANLAN |
Property plant and equipment net |
Property, plant and equipment |
9. | Property, plant and equipment
|  |  |  |  | December 31, |
|  |  |  |  | 202 4 |  |  | 202 3 |
|  |  |  |  | RMB’000 |  |  | RMB’000 |
Building and leasehold improvements |  |  |  |  |  | 112,792 |  |  |  | 112,792 |
Furniture, fixtures and office equipment |  |  |  |  |  | 4,272 |  |  |  | 4,122 |
Motor vehicles |  |  |  |  |  | 4,503 |  |  |  | 4,478 |
Plant and machineries |  |  |  |  |  | 10,852 |  |  |  | 10,619 |
Total |  |  |  |  |  | 132,419 |  |  |  | 132,011 |
Less: Accumulated depreciation and amortization |  |  |  |  |  | (74,681 | ) |  |  | (68,506 | )
Total |  |  |  |  |  | (74,681 | ) |  |  | (68,506 | )
Net |  |  |  |  |  | 57,738 |  |  |  | 63,505 |
|  | Year ended December 31, |  |  |
|  | 202 4 |  |  | 202 3 |  |  | 202 2 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Depreciation charge |  |  | 6,175 |  |  |  | 5,964 |  |  |  | 6,580 |
At December 31, 2024, 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 RMB777,000 (2023: RMB1,026,000).

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