Property, plant and equipment, net

12 Months Ended

Dec. 31, 2021

Property, plant and equipment

8 Property, plant and equipment, net

	December 31,
	2021			2020
	US$’000			US$’000
Office premises*		673			673
Leasehold improvements		125			157
Furniture, fixtures and office equipment		439			557
Motor vehicles		175			175
Testing equipment		37			37
		1,449			1,599
Less: Accumulated depreciation		(1,234	)		(1,340	)
		215			259

	Year ended December 31,
	2021		2020		2019
	US$’000		US$’000		US$’000
Depreciation charge		38		49		69

* Far East earns rental income from a property in Beijing, PRC for which it does not hold the title. Far East is investigating various ways in which to obtain the title but has not formulated a specific plan as of the date of issuance of these consolidated financial statements. The net book value of the property at December 31, 2021 is approximately US$88,000 (2020: US$92,000).

ZHEJIANG TIANLAN

Property, plant and equipment

9 Property, plant and equipment

	December 31,
	2021			2020
	RMB’000			RMB’000
Building and leasehold improvements		167,874			167,874
Furniture, fixtures and office equipment		3,694			3,658
Motor vehicles		4,647			4,808
Plant and machineries		10,097			9,399
Total		186,312			185,739
Less: Accumulated depreciation and amortization		(76,008	)		(70,241	)
Accumulated impairment losses		(36,241	)		(36,241	)
Total		(112,249	)		(106,482	)
Net		74,063			79,257

	Year ended December 31,
	2021		2020		2019
	RMB’000		RMB’000		RMB’000
Depreciation charge		6,466		6,359		6,556

At December 31, 2021, the net book value of property, plant and equipment pledged as security for the Company’s bank loans and third party loans amounted to approximately RMB1,524,000 (2020: RMB34,403,000).