Page 71 - Inegrated Annual Report 2020-Eng

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 31 DECEMBER 2020

4. PROPERTY, PLANT AND EQUIPMENT

Support Plant
Building vessels, machinery Office Capital
and base boosters and and motor equipment and work in
facilities Dredgers pipelines vehicles furniture progress Total
AED AED AED AED AED AED AED
2020
Cost:
At 1 January 2020 206,507 1,427,135 1,382,118 386,042 75,584 320,726 3,798,112
Additions 560 245,617 15,284 29,625 8,126 3,267 302,479
Transfers - 343,245 (44,470) 8,330 (8,046) (299,059) -
Disposals / derecognition of previously (23) (219,944) (38,618) (19,271) (8,932) - (286,788)
capitalized dry docking costs
Assets reclassified (note 5) - 2,655 453 - - - 3,108
Exchange differences 1 - 2,358 - 100 (4) 2,455
At 31 December 2020 207,045 1,798,708 1,317,125 404,726 66,832 24,930 3,819,366
Accumulated depreciation:
1 January 2020 105,829 1,005,585 863,435 320,442 58,487 - 2,353,778
Charge for the year (note 4.1) 10,079 64,988 87,819 29,265 8,698 200,849
Transfers - 44,189 (44,224) 6,192 (6,157) - -
Disposals / derecognition of previously
capitalized dry docking costs (23) (219,944) (38,275) (19,014) (8,894) - (286,150)
Assets reclassified (note 5) - 985 453 - - - 1,438
Exchange differences 1 - 12 1 (10) - 4

At 31 December 2020 115,886 895,803 869,220 336,886 52,124 - 2,269,919
Net carrying amount:
At 31 December 2020 91,159 902,905 447,905 67,840 14,708 24,930 1,549,447
Two dredgers TSHD Ghasha and Backhoe Sarb were capitalised during 2020 under dredgers. Capital work in progress
relates to dredgers and related equipment under construction as at 31 December 2020 and 2019.

Support Plant
Building vessels, machinery Office Capital
and base boosters and and motor equipment and work in
facilities Dredgers pipelines vehicles furniture progress Total
AED AED AED AED AED AED AED

2019
Cost:
At 1 January 2019 180,322 1,399,920 1,224,622 359,616 70,114 26,143 3,260,737
Effect of change in accounting policy-
IFRS 16 (note 2.3) 23,978 - - - - - 23,978
Additions 2,974 31,114 97,025 32,766 5,313 329,248 498,440
Transfers (113) (5,655) 26,144 9,880 5,035 (35,291) -
Disposals (656) (34,739) (23,275) (16,220) (5,010) (63) (79,963)
Assets reclassified (note 5) - 36,495 57,602 - - - 94,097
Exchange differences 2 - - - 132 689 823
At 31 December 2019 206,507 1,427,135 1,382,118 386,042 75,584 320,726 3,798,112
Accumulated depreciation:
1 January 2019 98,217 950,619 798,788 304,765 55,764 - 2,208,153
Charge for the year 8,471 61,262 64,422 26,072 4,742 - 164,969
Transfer (333) (4,632) (10) 2,103 2,872 - -
Disposals (645) (17,198) (23,275) (12,498) (4,907) - (58,523)
Assets reclassified (note 5) - 15,534 23,488 - - - 39,022
Exchange differences 119 - 22 - 16 - 157
At 31 December 2019 105,829 1,005,585 863,435 320,442 58,487 - 2,353,778
Net carrying amount:

At 31 December 2019 100,678 421,550 518,683 65,600 17,097 320,726 1,444,334

2020 Integrated Annual Report 71