b'FORGING TRANSFORMATION. FOSTERING SUSTAINABILITY. NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS30th June 2017(Expressed in Trinidad and Tobago Dollars)5.Property, plant and equipmentLandMachineryfreehold/equipmentleaseholdfurnitureMotorbuildingsand fittingsvehiclesArtTotal$000$000$000$000$000Year ended 30 June 2018Cost/valuation atbeginning of year504,00485,4983,2991,295594,096Purchases19,1932,22621,419TransfersRevaluation/(disposal)Adjustments/transfers(9,890)(3,452)174 (13,168)At the end of year513,307 84,272 3,473 1,295602,347Accumulated depreciation at beginning of year10,64954,3942,096367,142Current year charge9,9094,9037838815,683RevaluationDisposal/adjustments(815) (815)At the end of year20,558 58,482 2,8799182,010Net book value492,749 25,790594 1,204520,337Year ended 30 June 2017Cost/valuation at beginning of year340,88667,1523,0451,295412,378Purchases180,0963,731254184,081Transfers (16,978)16,978Revaluation/(disposal)(2,363)(2,363)Adjustments/transfersAt the end of year504,004 85,498 3,299 1,295594,096Accumulated depreciation at beginning of year9,06953,3171,32263,708Current year charge1,5803,43577435,792Revaluation Disposal/adjustments (2,358)(2,358)At the end of year10,649 54,394 2,096367,142Net book value493,355 31,104 1,203 1,292526,954Note:Valuation of land and freehold and leasehold buildings has been expressed by way of open market values as determined by valuations conducted by independent professional valuators every 3 years.51'