CapitaLand Ascott Trust 176 Notes to the Financial Statements For the financial year ended 31 December 2025 5 Property, Plant and Equipment (continued) At Valuation At Cost Total $’000 Stapled Group Land and buildings $’000 Plant and machinery $’000 Renovation $’000 Motor vehicles $’000 Office equipment, computers and furniture $’000 Assets under construction $’000 Accumulated depreciation At 1 January 2024 – 14,087 7,913 490 97,238 – 119,728 Charge for the year 19,835 2,835 855 56 14,634 – 38,215 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) Reclassifications – 931 80 – (1,011) – – Translation differences (2,022) (602) (425) 274 (1,752) – (4,527) Elimination of accumulated depreciation on revaluation (17,813) – – – – – (17,813) At 31 December 2024 – 17,251 8,422 754 105,518 – 131,945 At 1 January 2025 – 17,251 8,422 754 105,518 – 131,945 Charge for the year 17,883 3,140 1,403 44 15,002 – 37,472 Disposals/written off – (7) (9) (35) (4,505) – (4,556) Translation differences (999) (346) (481) (33) (1,982) – (3,841) Elimination of accumulated depreciation on revaluation (16,884) – – – – – (16,884) At 31 December 2025 – 20,038 9,335 730 114,033 – 144,136 Carrying amounts At 31 December 2024 909,813 18,334 2,733 168 49,637 26,493 1,007,178 At 31 December 2025 888,698 15,495 3,323 203 51,078 34,368 993,165 For each revalued class of property, plant and equipment, the carrying amount that would have been recognised had the assets been carried under the cost model is as follows: CapitaLand Ascott BT Group Stapled Group 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Land and buildings Carrying amount at cost 484,377 491,171 827,022 819,014 As at 31 December 2025, land and buildings are revalued to their fair values. The fair value of the land and buildings is determined by external property valuers having appropriate professional qualifications and recent experience in the location and category of the properties being valued. As at 31 December 2025, Temple Bar Hotel Dublin by The Unlimited Collection, with a carrying value of $117,351,000 (2024: $112,252,000), is pledged as security to the bank (Note 16).
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