Property plant and equipment net

12 Months Ended

Dec. 31, 2023

Property, plant and equipment

Note 8: Property, plant and equipment, net

	December 31,
	2023			2022
	US$’000			US$’000
Office premises*		673			673
Leasehold improvements		67			67
Furniture, fixtures and office equipment		313			311
Motor vehicles		172			173
Testing equipment		32			32
		1,257			1,256
Less: Accumulated depreciation		(1,089	)		(1,077	)
		168			179

	Year ended December 31,
	2023		2022		2021
	US$’000		US$’000		US$’000
Depreciation charge		15		33		38

* 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, 2023 is approximately US$80,000 (2022: US$84,000).

ZHEJIANG TIANLAN

Property, plant and equipment

9. Property, plant and equipment

			December 31,
			2023			2022
			RMB’000			RMB’000
Building and leasehold improvements				112,792			167,874
Furniture, fixtures and office equipment				4,122			3,795
Motor vehicles				4,478			4,610
Plant and machineries				10,619			10,619
Total				132,011			186,898
Less: Accumulated depreciation and amortization				(68,506	)		(82,252	)
Accumulated impairment losses				-			(36,241	)
Total				(68,506	)		(118,493	)
Net				63,505			68,405
	Year ended December 31,
	2023		2022			2021
	RMB’000		RMB’000			RMB’000
Depreciation charge		5,964		6,580			6,466

At December 31, 2023, 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 RMB1,026,000 (2022: RMB1,275,000).