The American Club 2023/2024 Annual Report

PAGE 85

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2024

9. PROPERTY, PLANT AND EQUIPMENT

Plant, machinery and equipment

Outdoor furniture, fittings and fixtures

Buildings, improvements and additions*

Furniture, fittings and fixtures

China, glass and silver-ware

Freehold land

Construction- in-progress

Total

$

$

$

$

$

$

$

$

Cost:

At 1 July 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

Additions

-

1,481,147 768,963

154,959

10,925

78,720 329,195 2,823,909

Disposals/Write-off

- (209,040)

(787,326)

(58,464)

(5,166)

(563)

- (1,060,559)

Transfers in (out) *

-

126,576 355,973

-

-

- (482,549)

-

At 30 June 2024

5,158,145 80,678,634 11,900,919 2,206,920 553,288 344,008

752,512 101,594,426

Accumulated depreciation:

At 1 July 2022

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

265,140

- 42,178,018

Depreciation (Note 21)

-

3,477,724 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

Depreciation (Note 21)

3,553,141

787,331

172,657

28,164

3,358

-

4,544,651

Disposals/Write-off

-

(178,538) (782,982)

(58,277)

(5,162)

(563)

- (1,025,522)

At 30 June 2024

- 37,069,240 9,912,277 1,952,456 505,069 268,374

- 49,707,416

Carrying amount:

At 30 June 2024

5,158,145 43,609,394 1,988,642 254,464

48,219

75,634 752,512 51,887,010

At 30 June 2023

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

272,349

65,462

272 905,866 53,642,789

* Transfers from construction-in-progress to buildings, improvements and additions amounting to $109,626 (2023: $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 2023 / 2024