Perennial Holdings Private Limited - Annual Report 2024

5 PROPERTY, PLANT AND EQUIPMENT (continued) Leasehold buildings Renovation Furniture, fittings and office equipment Computer equipment and software Motor vehicles Total $’000 $’000 $’000 $’000 $’000 $’000 Company Cost At 1 January 2023 960 1,249 364 341 197 3,111 Additions – – – 44 – 44 At 31 December 2023 960 1,249 364 385 197 3,155 At 1 January 2024 960 1,249 364 385 197 3,155 Additions 1,666 97 131 58 – 1,952 At 31 December 2024 2,626 1,346 495 443 197 5,107 Accumulated depreciation At 1 January 2023 427 555 150 279 110 1,521 Depreciation charge 320 416 121 67 20 944 At 31 December 2023 747 971 271 346 130 2,465 At 1 January 2024 747 971 271 346 130 2,465 Depreciation charge 324 301 135 70 20 850 At 31 December 2024 1,071 1,272 406 416 150 3,315 Carrying amounts At 1 January 2023 533 694 214 62 87 1,590 At 31 December 2023 213 278 93 39 67 690 At 31 December 2024 1,555 74 89 27 47 1,792 Right-of-use assets As at 31 December 2024, the Group’s and the Company’s property, plant and equipment includes right-of-use assets of $52.3 million (2023: $0.2 million) and $1.6 million (2023: $0.2 million), respectively related to leased properties. 6 INVESTMENT PROPERTIES Group 2024 2023 $’000 $’000 At beginning of the year 4,148,293 4,385,927 Additions 102,288 82,392 Disposal of a subsidiary (note 24) – (334,000) Change in fair value 45,464 57,218 Translation differences (41,286) (43,244) At end of the year 4,254,759 4,148,293 Investment properties comprise 5 (2023: 5) completed commercial properties, 1 (2023: 1) completed hotel property which are leased to third parties and 4 (2023: 4) investment properties under development. The leases contain initial lease terms ranging from 1 year to 14 years (2023: 2 years to 17 years). Subsequent renewals are negotiated with the lessees. See note 28 for further information. Notes to the Financial Statements Year ended 31 December 2024 OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 187 ANNUAL REPORT 2024

RkJQdWJsaXNoZXIy NTM2MDQ5