Notes to the Financial Statements Year ended 31 December 2024 5 PROPERTY, PLANT AND EQUIPMENT (continued) At Valuation At Cost Land and buildings Plant and machinery Renovation Office equipment, computers and furniture Assets under construction Total CapitaLand Ascott BT Group $’000 $’000 $’000 $’000 $’000 $’000 At valuation/cost At 1 January 2023 536,625 38,535 – 16,794 7 591,961 Additions 10,706 832 – 143 244 11,925 Net change in revaluation recognised in Stapled Securityholders’ funds 35,234 – – – – 35,234 Acquisition of hotel (Note 37) 101,567 – – 731 – 102,298 Transfer to assets held for sale (Note 14) (101,369) (7,843) – (2,472) (251) (111,935) Translation differences 82 (31) – (10) – 41 Elimination of accumulated depreciation on revaluation (5,154) – – – – (5,154) At 31 December 2023 577,691 31,493 – 15,186 – 624,370 At 1 January 2024 577,691 31,493 – 15,186 – 624,370 Additions 2,123 2,864 – 2,406 2,770 10,163 Disposals/written off (3) – – – – (3) Net change in revaluation recognised in Statement of Total Return (1,134) – – – – (1,134) Net change in revaluation recognised in Stapled Securityholders’ funds 15,466 – – – – 15,466 Reclassifications (1,213) 2,450 280 (3,438) 1,921 – Translation differences (23,926) (1,222) – (586) – (25,734) Elimination of accumulated depreciation on revaluation (13,097) – – – – (13,097) At 31 December 2024 555,907 35,585 280 13,568 4,691 610,031 Accumulated depreciation At 1 January 2023 – 13,727 – 7,845 – 21,572 Charge for the year 15,977 3,927 – 2,252 – 22,156 Transfer to assets held for sale (Note 14) (10,895) (3,583) – (1,829) – (16,307) Translation differences 72 16 – 10 – 98 Elimination of accumulated depreciation on revaluation (5,154) – – – – (5,154) At 31 December 2023 – 14,087 – 8,278 – 22,365 At 1 January 2024 – 14,087 – 8,278 – 22,365 Charge for the year 15,119 2,835 9 1,407 – 19,370 Reclassifications – 931 80 (1,011) – – Translation differences (2,022) (602) – (348) – (2,972) Elimination of accumulated depreciation on revaluation (13,097) – – – – (13,097) At 31 December 2024 – 17,251 89 8,326 – 25,666 Carrying amounts At 31 December 2023 577,691 17,406 – 6,908 – 602,005 At 31 December 2024 555,907 18,334 191 5,242 4,691 584,365 177 Annual Report 2024
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