Notes to the Financial Statements Year ended 31 December 2024 5 PROPERTY, PLANT AND EQUIPMENT Renovation Motor vehicles Office equipment, computers and furniture Assets under construction Total CapitaLand Ascott REIT Group $’000 $’000 $’000 $’000 $’000 Cost At 1 January 2023 10,232 552 113,186 1,241 125,211 Additions 290 70 9,393 13,642 23,395 Disposals/written off (1) (30) (1,375) – (1,406) Acquisition of investment properties (Note 37) – – 1,234 – 1,234 Transfer from investment properties (Note 4) – – 51 – 51 Transfer to assets held for sale (Note 14) – – (3,069) – (3,069) Reclassifications – – (91) 91 – Translation differences (49) (19) (671) 36 (703) At 31 December 2023 10,472 573 118,658 15,010 144,713 At 1 January 2024 10,472 573 118,658 15,010 144,713 Additions 922 144 17,972 19,624 38,662 Disposals/written off (2) – (1,395) – (1,397) Acquisition of investment properties (Note 37) – – 415 – 415 Disposal of investment properties – – (1,208) – (1,208) Transfer to investment properties (Note 4) (585) – 3,049 (3,248) (784) Transfer to assets held for sale (Note 14) – (74) (2,953) – (3,027) Reclassifications 617 – 8,953 (9,570) – Translation differences (549) 279 (1,902) (14) (2,186) At 31 December 2024 10,875 922 141,589 21,802 175,188 Accumulated depreciation At 1 January 2023 7,184 496 81,969 – 89,649 Charge for the year 757 39 11,229 – 12,025 Disposals/written off (1) (27) (1,290) – (1,318) Transfer to assets held for sale (Note 14) – – (2,694) – (2,694) Reclassifications 1 – (1) – – Translation differences (28) (18) (251) – (297) At 31 December 2023 7,913 490 88,962 – 97,365 At 1 January 2024 7,913 490 88,962 – 97,365 Charge for the year 846 56 13,227 – 14,129 Disposals/written off (1) – (1,346) – (1,347) Disposal of investment properties – – (377) – (377) Transfer to assets held for sale (Note 14) – (66) (1,868) – (1,934) Translation differences (425) 274 (1,404) – (1,555) At 31 December 2024 8,333 754 97,194 – 106,281 Carrying amounts At 31 December 2023 2,559 83 29,696 15,010 47,348 At 31 December 2024 2,542 168 44,395 21,802 68,907 176 CapitaLand Ascott Trust
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