Page 172 - flipbook-ubp-IR

INTRODUCTION ABOUT US MANAGEMENT APPROACH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2022
5.
(b)
PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
Revaluation of land and buildings (Continued)
Details of the Group’s and the Company’s buildings and information about the fair value hierarchy as at June 30, 2022 are as follows:
170
UBP INTEGRATED REPORT 2022
Reconciliation of carrying amount
Rs’000 866,482 36,371 Transfers 9,796 Depreciation for the year (59,862) Disposals -
Rs’000 383,484 12,464 430 (29,071) - - - 367,307
Carrying amount as at July 01, Additions for the year
Acquisition of subsidiary (note 36) Reclassification (depreciation)
Carrying amount and fair value as at June 30,
- 6,240 859,027
THE GROUP
Rs’000
859,027
44,384
(44,241)
(59,349)
(1,120,940)
(99)
82,017
25,123
2022
THE GROUP
2022
1,982,577
861,637
THE COMPANY
Rs’000
367,307
Buildings
13,817
(19,249)
Rs’000 1,889,885 (1,086,714)
2021
-
-
-
-
2021
THE GROUP
THE COMPANY
906,862
361,875
The cost, accumulated depreciation and carrying amount of the land and buildings, had they been stated at historical cost would be as follows:
THE COMPANY
2022
Cost
Accumulated depreciation Carrying amount
2021 Rs’000 1,206,561 (476,404) 730,157
Rs’000
Rs’000
1,220,378
(495,653)
803,171
724,725
6.
RIGHT OF USE ASSETS THE GROUP
COST
Land and buildings
Rs’000
Plant and machinery
Rs’000
50,087 - 33,800 - - 83,887 82,439 8,680 - - (12,600) -
-
162,406
11,159 - 12,669 - 23,828
- 18,693 (6,780) 4,358 - - 40,099
122,307
60,059
Motor vehicles
Rs’000
62,031 2,137 5,532 (2,945) - 66,755 23,451 114,920 (8,042) (2,235) (7,418) -
-
187,431
39,475 997 9,907 (2,945) 47,434
- 17,472 (7,418) 31,243 (5,705) (2,235) 80,791
106,640
The Directors have reviewed the carrying value of the land and buildings and other items of property, plant and equipment and are of the opinion that as at June 30, 2022, the carrying value has not suffered any impairment except those disclosed elsewhere.
At July 01, 2020
Reclassified from property, plant and equipment (note 5)
Additions 9,327 Disposals - Exchange differences 231 At June 30, 2021 64,798 Additions 1,338 Acquisition of subsidiary (note 36) - Write-off - Disposals -
Total
Rs’000
167,358 2,137 48,659 (2,945) 231 215,440 107,228 123,600 (8,042) (2,235) (20,018) (5,211)
(3,540)
407,222
56,319 997 29,979 (2,945) 84,350
(944) 44,552 (14,198) 35,601 (5,705) (2,235) 141,421
265,801
55,240 -
- (5,211)
(3,540)
57,385
At July 01, 2020
Reclassified from property, plant and equipment (note 5)
Charge for the year
Disposals -
Transfer to property, plant and equipment (note 5) Transfer to assets held for sale
Elimination adjustment on derecognition from deemed disposal of associate
At June 30, 2022
ACCUMULATED DEPRECIATION
5,685 - 7,403
At June 30, 2021
Elimination adjustment on derecognition from deemed
disposal of associate
Charge for the year
Transfer to property, plant and equipment (note 5)
Acquisition of subsidiary (note 36)
Write-off - Disposals -
13,088
20,531 36,854
51,710
(944) 8,387 - -
At June 30, 2022
CARRYING AMOUNT At June 30, 2022
At June 30, 2021
19,321
131,090