ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C1 Property, plant and equipment Group Freehold land, buildings and improvements Wharves, floating docks and boats $’000 $’000 Cost At 1 January 2020 1,401,852 144,321 Additions 29,307 198 Disposals/write-off (5,520) (491) Reclassifications 53,881 428 Translation difference 5,682 (768) At 31 December 2020 1,485,202 143,688 Accumulated depreciation and impairment At 1 January 2020 734,560 118,088 Depreciation charge/impairment losses 57,603 2,978 Disposals/write-off (5,406) (491) Reclassifications 1 – Translation difference (2,003) (429) At 31 December 2020 784,755 120,146 Net book value At 31 December 2020 700,447 23,542 Cost At 1 January 2019 1,353,537 314,966 Additions 36,581 – Disposals/write-off (3,110) (170,660) Acquisition of subsidiaries 15,831 – Deconsolidation/disposal of subsidiaries (2,938) – Reclassifications 10,751 546 Translation difference (8,800) (531) At 31 December 2019 1,401,852 144,321 Accumulated depreciation and impairment At 1 January 2019 692,653 180,532 Depreciation charge/impairment losses 55,002 7,339 Disposals/write-off (2,650) (69,553) Deconsolidation/disposal of subsidiaries (1,145) – Reclassifications (6,597) – Translation difference (2,703) (230) At 31 December 2019 734,560 118,088 Net book value At 31 December 2019 667,292 26,233 * Others comprise transportation equipment, vehicles and satellites / ST ENG I NEER I NG 178