BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
109
Notes to the
Financial Statements
for the financial year ended 31December 2013
11. Property, plantand equipment (cont’d)
(a)
The Group’s leasehold land and building is located at 6 Pioneer Sector 1, Singapore 628418. The Group's new premises at
10 Jalan Samulun, Singapore 629124 has been classified as assets-under-construction as at 31December 2013.
(b)
Depreciation charge of $931,638 (2012: $1,190,010) has been included in theGroup’s cost of goods sold.
Assets
under
construction
Office
equipment
Total
$
$
$
Company
Cost:
At 1 January 2012
–
46,514
46,514
Additions
–
2,778
2,778
At 31December 2012 and1 January 2013
–
49,292
49,292
Additions
4,312,994
4,902 4,317,896
Disposal
–
(10,053)
(10,053)
At 31December 2013
4,312,994
44,141 4,357,135
Accumulateddepreciation:
At 1 January 2012
–
26,620
26,620
Depreciation charge for the year
–
13,062
13,062
At 31December 2012 and 1 January 2013
–
39,682
39,682
Depreciation charge for the year
–
7,957
7,957
Disposal
–
(9,658)
(9,658)
At 31December 2013
–
37,981
37,981
Net carrying amount:
At 31December 2012
–
9,610
9,610
At 31December 2013
4,312,994
6,160 4,319,154
