Depre

Note
at Jan 1st, 2015
Cost

Year ended Dec 31st, 2015

Net book amount
Additions
Disposals/transfers out
Depreciation charges
Depreciation on disposals
Net book amount at Dec 31st, 2015
at Dec 31st, 2015
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2015
Year ended Dec 31st, 2016
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2016
at Dec 31st, 2016
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2016
Year ended Dec 31st, 2017
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals

Free-hold land
1
30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000
-

Net book amount at Dec 31st, 2017

at Dec 31st, 2017
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2017
Year ended Dec 31st, 2018
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2018
at Dec 31st, 2018
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2018
Year ended Dec 31st, 2019
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2019
at Dec 31st 2019
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2019
Year ended Dec 31st, 2020
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2020
at Dec 31st 2021
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2020

30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000
30,000,000

30,000,000

30,000,000

Year ended Dec 31st, 2021

Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2021
at Dec 31st 2021
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2021
Year ended Dec 31st, 2022
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2022
at Dec 31st 2022
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2022
Year ended Dec 31st, 2023
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge
Depreciation on disposals
Net book amount at Dec 31st, 2023
at Dec 31st 2023
Cost
Accumulated depreciation
Net book amount at Dec 31st, 2023
Year ended Dec 31st, 2024
Net book amount
Additions/Overhauling
Disposals/transfers out
Depreciation charge

Depreciation on disposals
Net book amount at Dec 31st, 2024

Depreciation Schedule
Buildings on free-hold land
2

Operating fixed assets

Office equipment
4

17,000,000

1,440,000

17,000,000
1,700,000
15,300,000

1,440,000
288,000
1,152,000

17,000,000
1,700,000
15,300,000

1,440,000
288,000
1,152,000

15,300,000
3,060,000
12,240,000

1,152,000
368,640
783,360

17,000,000
4,760,000
12,240,000

1,440,000
656,640
783,360

12,240,000

783,360
148,838
-

2,380,000

9,860,000

634,522

17,000,000
7,140,000
9,860,000

1,440,000
805,478
634,522

9,860,000

634,522

2,040,000

76,143

7,820,000

558,379

17,000,000
9,180,000
7,820,000

1,440,000
881,621
558,379

7,820,000

558,379

6,290,000

67,005
491,374

17,000,000
10,710,000
6,290,000

1,440,000
948,626
491,374

6,290,000

491,374
1555200
491,374
311,040
948,626
1,244,160

1,530,000

1,190,000
5,100,000

1555200
311,040
1,244,160

1,244,160

398131.2
846,029

1555200
709,171
846,029

846,029

160745.472
685,283

1555200
869,917
685,283

685,283

82233.99936
603,049

1555200
952,151
603,049

603,049

54274.4395776

548,775

le
Furnitures and fixtures
5

Vehicles

MACRS
5 year deprecia

560,000

1,300,000

560,000
78,400
481,600

1,300,000
260,000
1,040,000

560,000
78,400
481,600

1,300,000
260,000
1,040,000

481,600
140,000
341,600

1,040,000
416,000
624,000

560,000
218,400
341,600

1,300,000
676,000
624,000

341,600
100,800

624,000
247,000
-

Year
Year
Year
Year
Year
Year

1
2
3
4
5
6

MACRS
7 year depreciation
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8

MACRS
10 Year Depreciatio
Year 1
Year 2
Year 3
Year 4
Year 5
Year 7
Year 8
Year 9
Year 10
Year 11

240,800

377,000

560,000
319,200
240,800

1,300,000
923,000
377,000

240,800
67,200
173,600

377,000
156,000
221,000

560,000
386,400
173,600

1,300,000
1,079,000
221,000

173,600
50,400
123,200

221,000

560,000
436,800
123,200

1,300,000
1,235,000
65,000

123,200

65,000
1404000
145,000
280,800
1,235,000
1,123,200

50,400
72,800

156,000
65,000

1404000
280,800
1,123,200

1,123,200

449280
673,920

1404000
730,080
673,920

673,920

266760
407,160

1404000
996,840
407,160

407,160

168480
238,680

1404000
1,165,320
238,680

238,680

168480

70,200

MACRS
5 year depreciation

Inflation
20%
32%
19%
12%
12%
5%

MACRS
year depreciation
14%
25%
18%
12%
9%
9%
9%
4%

MACRS
0 Year Depreciation
10%
18%
14%
12%
9%
7%
6%
6%
6%
4%

8%