Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A17
5) PROPERTY, PLANT AND EQUIPMENT
Land
Building
Office
Improvement
Motor
Vehicles
Office &
Computer
Equipment
Office
Furniture
TOTAL
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Year ended 31 Dec. 2012
Opening Net Book Value
16,161 112,652
25,646
3,367
21,111
5,385 184,322
Additions
-
-
840
-
2,359
348
3,547
Reclassifications
-
-
(12)
-
14
(2)
-
Disposals
-
-
(151)
(163)
(215)
(3)
(532)
Depreciation/Amortisation
(21)
(2,809)
(4,923)
(806)
(5,564)
(954)
(15,077)
Closing Net Book Value
16,140 109,843
21,400
2,398
17,705
4,774 172,260
As at 31 Dec. 2012
Cost
16,569
139,427
46,565
6,258
61,423
20,928
291,170
Accumulated Depreciation/
Amortisation
(429)
(29,584)
(25,165)
(3,860)
(43,718)
(16,154)
(118,910)
Net Book Value
16,140 109,843
21,400
2,398
17,705
4,774 172,260
Year ended 31 Dec. 2011
Opening Net Book Value
16,183
115,461
25,215
3,880
19,518
5,969
186,226
Additions
-
-
4,553
790
7,486
365
13,194
Reclassification
-
-
(30)
-
(99)
129
-
Disposals
-
-
(2)
(330)
(205)
(35)
(572)
Depreciation/Amortisation
(22)
(2,809)
(4,090)
(973)
(5,589)
(1,043)
(14,526)
Closing Net Book Value
16,161 112,652
25,646
3,367
21,111
5,385 184,322
As at 31 Dec. 2011
Cost
16,292
139,427
46,668
6,658
64,266
19,085
292,396
Accumulated Depreciation/
Amortisation
(131)
(26,775)
(21,022)
(3,291)
(43,155)
(13,700)
(108,074)
Net Book Value
16,161 112,652
25,646
3,367
21,111
5,385 184,322
Land
Land includes leasehold land of $2.2 million and freehold land of $14.4 million.
Fair Value Land and Buildings
The fair value of Land and Buildings was estimated at $187.5 million at 31 December, 2012
(2011: $187.5 million). Land and buildings are independently valued every three years.
Unit Trust Corporation
Annual Report 2012
