61
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
4 PROPERTY, PLANTAND EQUIPMENT (CONT’D)
Measurement of fair values (cont’d)
(ii) Level 2 fair value
A description of the valuation techniques and the significant other observable
inputs used in the fair value measurement are as follows:
Valuation technique for recurring
fair value measurements:
Comparison with market evidence of
recent transaction prices for similar
properties.
Significant observable inputs and
range (weighted average):
Price per square foot (psf): $271 to
$640 psf ($340)
(2015: $271 to $607 psf ($303))
Sensitivity on management’s
estimates – 10% variation from
estimate:
Increase/(Decrease) in price psf will
increase/(decrease) equity, net of tax,
by $1,834,300 (2015: $2,954,800).
Plant and Motor
equipment
vehicles
Total
$
$
$
Company
Cost:
At 1 July 2014
20,800
– 20,800
Additions
2,616 188,348 190,964
At 30 June 2015
23,416 188,348 211,764
Additions
4,850
–
4,850
At 30 June 2016
28,266 188,348 216,614
4 PROPERTY, PLANTAND EQUIPMENT (CONT’D)
Plant and Motor
equipment
vehicles
Total
$
$
$
Accumulated depreciation:
At 1 July 2014
2,774
–
2,774
Depreciation
4,596
37,669
42,265
At 30 June 2015
7,370 37,669
45,039
Depreciation
5,358
37,669
43,027
At 30 June 2016
12,728
75,338 88,066
Net book value:
At 1 July 2014
18,026
–
18,026
At 30 June 2015
16,046 150,679 166,725
At 30 June 2016
15,538 113,010 128,548
The depreciation expense is charged to profit or loss and included in other operating
expenses.
