Creative 2009 Annual Report Download - page 41

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41
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
Under the accounting treatment of FRS, as substantial risks and rewards were transferred to the buyer and the lease qualified
as an operating lease, the Group may derecognise the property and recognise an immediate gain on disposal. Accordingly, a
gain of US$147,912,000 on disposal of building was recognised in the financial year ended 30 June 2008, and the security
deposit and advance rental payment for the leaseback of the property were included in the Balance Sheet as “other current
assets” for the current portion and “other non-current assets” for the non-current portion (Notes 14 and 20).
฀ ฀ ฀ ฀ Furniture,
฀ ฀ ฀ Machinery฀ fixtures฀฀
฀ ฀ Leasehold฀ and฀ and฀office
฀ ฀ improvements฀ equipment฀ equipment฀ Total
฀ ฀ US$’000฀฀ US$’000฀฀ US$’000฀฀ US$’000฀
฀ Company
฀ 2009
฀Cost
฀ Beginning฀of฀financial฀year฀ 5,397฀ 15,118฀ 23,866฀ 44,381
฀ Additions฀ 355฀ 406฀ 820฀ 1,581
฀ Disposals฀ (90)฀ (63)฀ (5,735)฀ (5,888)
฀ End฀of฀financial฀year฀ 5,662฀ 15,461฀ 18,951฀ 40,074
฀
฀Accumulated฀depreciation฀ ฀ ฀ ฀
฀ Beginning฀of฀financial฀year฀฀฀ 5,226฀ 14,818฀ 22,613฀ 42,657
฀ Depreciation฀charge฀ 202฀ 154฀ 878฀ 1,234
฀ Disposals฀ (89)฀ (63)฀ (5,725)฀ (5,877)
฀ End฀of฀financial฀year฀ 5,339฀ 14,909฀ 17,766฀ 38,014
฀Net฀book฀value฀ ฀ ฀ ฀
฀ End฀of฀financial฀year฀323฀ 552฀ 1,185฀ 2,060
฀ Company
฀ 2008
฀Cost
฀ Beginning฀of฀financial฀year฀ 5,356฀ 15,993฀ 25,895฀ 47,244
฀ Additions฀ 78฀ 146฀ 917฀ 1,141
฀ Disposals฀ (37)฀ (1,021)฀ (2,946)฀ (4,004)
฀ End฀of฀financial฀year฀ 5,397฀ 15,118฀ 23,866฀ 44,381
฀Accumulated฀depreciation฀ ฀ ฀ ฀
฀ Beginning฀of฀financial฀year฀ 4,932฀ 15,631฀ 24,115฀ 44,678
฀ Depreciation฀charge฀ 331฀ 208฀ 1,442฀ 1,981
฀ Disposals฀ (37)฀ (1,021)฀ (2,944)฀ (4,002)
฀ End฀of฀financial฀year฀ 5,226฀ 14,818฀ 22,613฀ 42,657
฀Net฀book฀value฀ ฀ ฀ ฀
฀ End฀of฀financial฀year฀ 171฀ 300฀ 1,253฀ 1,724
The carrying amounts of property and equipment held under finance leases are US$9,000 (2008: US$28,000) at the balance
sheet date.
AR09 pg1-64_Final.indd 41 10/2/2009 10:38:09 AM