The American Club 2022/2023 Annual Report

PAGE 79

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2023

9. PROPERTY, PLANT AND EQUIPMENT

Outdoor furniture, fittings and fixtures

Buildings, improvements and additions*

Plant, machinery and equipment

Furniture, fittings and fixtures

China, glass and silver-ware

Freehold land

Construction- in-progress

Total

$

$

$

$

$

$

$

$

Cost:

At 1 July 2021

5,158,145 78,049,674 11,653,306 2,030,810 470,842

304,169 504,985 98,171,931

Additions

-

62,330

339,155

29,976

10,794

-

1,208,149 1,650,404

Disposals/Write-off

-

-

(389,406)

(10,660)

-

(37,526)

(7,479)

(445,071)

Transfers in (out)*

-

154,489

37,454

5,096

3,465

-

(200,504)

-

At 30 June 2022

5,158,145 78,266,493 11,640,509 2,055,222

485,101

266,643

1,505,151

99,377,264

Additions

38,378

667,362

64,283

47,404

-

528,939 1,346,366

Disposals/Write-off

-

- (871,772)

(18,218)

(1,772)

(792)

-

(892,554)

Transfers in (out)*

-

975,080

127,210

9,138

16,796

-

(1,128,224)

-

At 30 June 2023

5,158,145 79,279,951

11,563,309 2,110,425

547,529

265,851

905,866 99,831,076

Accumulated depreciation:

At 1 July 2021

- 26,754,863 8,790,746

1,346,111

450,362

243,712

- 37,585,794

Depreciation (Note 19)

-

3,462,050 1,214,724

263,557

16,390

58,192

-

5,014,913

Disposals/Write-off

-

-

(377,277)

(8,648)

-

(36,764)

-

(422,689)

At 30 June 2022

- 30,216,913 9,628,193 1,601,020 466,752

265,140

-

42,178,018

Depreciation (Note 19)

-

3,447,724 1,089,918

255,101

17,086

1,231

-

4,841,060

Disposals/Write-off

-

-

(810,183)

(18,045)

(1,771)

(792)

-

(830,791)

At 30 June 2023

- 33,694,637 9,907,928 1,838,076 482,067

265,579

-

46,188,287

Carrying amount:

At 30 June 2023

5,158,145 45,585,314 1,655,381

272,349

65,462

272

905,866 53,642,789

At 30 June 2022

5,158,145 48,049,580 2,012,316 454,202

18,349

1,503

1,505,151

57,199,246

* Transfers from construction-in-progress to buildings, improvements and additions amounting to $NIL (2022 : $NIL) related to the redevelopment of the Club’s premises and were recognised based on certificates of completion issued by the Club’s appointed architect.

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023