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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 15. Property, plant and equipment 15.1 The Group Cost or deemed cost At 1st January, 2015 Additions Reclassifications (Note 15.1.1) Other reclassifications (Note 15.1.2) Disposal (Note 15.1.3) Effect of currency exchange differences Balance at 31st December, 2015 Additions Reclassifications (Note 15.1.1) Other reclassifications (Note 15.1.2) Disposal (Note 15.1.3) Write-off (Note 15.1.4) Effect of currency exchange differences Balance at 31st December, 2016 Accumulated depreciation and impairment At 1st January, 2015 Depreciation expense Reclassifications Disposal (Note 15.1.3) Impairment (Note 15.1.4) Leasehold improvements plant and 42,103 13,231 63,655 - - (1,042) 117,947 4,499 (3,436) (741) - - 35,599 Motor 393,390 68,543 90,275 36,994 (1,375) 266,241 772 - (9,096) 28,418 10,190 (985) (132) (242) 125,548 - (11,169) (354) 741,582 92,639 33,145 9,042 - (74) (422) 10,643 153,868 904,379 144,973 5,753 3,471 - - - Effect of currency exchange differences (117) Balance at 31st December, 2015 9,107 Depreciation expense Reclassifications Disposal (Note 15.1.3) Impairment (Note 15.1.4) 5,845 (329) - - Effect of currency exchange differences 1,355 Balance at 31st December, 2016 15,978 Carrying amounts: At 31st December, 2015 At 31st December, 2016 108,840 70,296 35,110 401 - - (1,043) 44,069 330 (132) (121) 9,417 32,643 14,742 (401) (11,168) 1,624 (118) 104,764 37,322 23,241 - (15) (1,664) 3,362 158,327 62,246 636,818 55,317 137,890 746,052 82,727 4,028 - - - - - 4,028 - - - - - - 4,028 311 403 - - - - 714 403 - - - - 1,117 3,314 2,911 Capital Furniture & Work-Inand buildings machinery vehicles Aircraft equipment progress ₦’million ₦’million ₦’million ₦’million ₦’million ₦’million ₦’million Total 1,990 360 - - 347,971 858,025 111,071 2,317 (330,838) (180) - (37) 992 (23) - (1) - 1,653 7,251 1,228 502 - - - (57) 1,673 644 (1) (1) - 312 2,627 251,931 - 592 (11,169) (18,058) (28,587) 4,630 109,966 1,070,792 69,114 (15,773) (3,578) - - 21,778 136,168 - (5,304) (207) (664) 195,221 181,507 1,396,006 - - - - - - 110,231 54,228 - (11,168) 1,624 (1,335) - 153,580 - - - - - 74,202 - (148) (1,785) 14,446 - 240,295 2,957 109,966 917,212 4,624 181,507 1,155,711 15.1.1 Represents transfer between various classes of assets 15.1.2 Includes amount transferred to prepayment and deposit for import for current year. 15.1.3 Represents motor trucks and heavy motorized equipments disposed of. 15.1.4 Represents write back of impairment after reassessing the damaged motor trucks and trailers during the year and write off for some trucks. 15.1.5 Some borrowings are secured by a debenture on all the fixed and floating assets of the Group 182 Annual Report 2016

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