LensCrafters 2015 Annual Report Download - page 203
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Notes to the separate financial statements as of December 31, 2015 Page 23 of 77
Plant and machinery
Description Amount
Historical cost 23,225,320
Accumulated depreciation (13,421,383)
Balance at 12/31/2013 9,803,937
Additions 866,872
Disposals (59,080)
Reversal of accumulated depreciation
on disposals
58,830
Transfers from other categories 1,819,563
Depreciation expense (1,684,585)
Balance at 12/31/2014 10,805,537
Additions 211,634
Disposals (108,616)
Reversal of accumulated depreciation
on disposals
-
Transfers from other categories 1,194,394
Depreciation expense (1,817,479)
Balance at 12/31/2015 10,285,470
The additions to "Plant and machinery" reflect expenditure on new plant and machinery and alterations/improvements
to existing plant and machinery, allowing the Company to maintain high qualitative and technological standards.
The additions in the year consist of:
Description
Sedico
Milan
Total
Improvements to existing
specific plant/installations
27,133
-
27,133
New generic
plant/installations
97,109
37,733
134,842
Improvements to existing
generic plant/installations
44,624
-
44,624
New machinery 5,035
-
5,035
Total 173,901
37,733
211,634
"Transfers from other categories" relate to the reclassification of "Assets under construction" reported at the end of the
previous year following completion of work on plant and machinery.