Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.23.2
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2022
PROPERTY AND EQUIPMENT

NOTE 9 — PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following as of December 31, 2022, and 2021:

 

    2022     2021  
          Accumulated         Carrying           Accumulated     Carrying  
    Cost     Depreciation     Impairment     Value     Cost     Depreciation     Value  
Land   $ 1,486,718     $     $ (1,486,718 )   $     $ 1,486,718     $     $ 1,486,718  
Buildings     4,541,374       (1,289,314 )     (3,252,060 )           4,401,241       (989,085 )     3,412,156  
Leasehold property     5,136,738       (2,999,931 )     (2,134,654 )     2,153       4,261,623       (2,770,810 )     1,490,813  
Plant and machinery     147,887       (92,197 )     (55,690 )           136,692       (87,050 )     49,642  
Furniture and fixtures     647,046       (385,473 )     (108,736 )     152,837       537,964       (330,476 )     207,488  
Motor vehicles     384,643       (319,993 )     (12,808 )     51,842       320,103       (281,587 )     38,516  
Office equipment     99,739       (29,726 )     (7,975 )     62,038       26,287       (19,528 )     6,759  
IT equipment     142,100       (113,795 )     (3,589 )     24,716       113,790       (88,274 )     25,516  
Computer equipment     53,661       (14,780 )         38,881       4,456       (4,456 )      
Programs and textbooks     16,594                 16,594                    
Spa equipment, curtains, crockery, glassware, and linen     487,980       (228,636 )     (45,274 )     214,070       255,434       (196,926 )     58,508  
    $   13,144,480     $ (5,473,845 )   $ (7,107,504 )   $   563,131     $   11,544,308     $ (4,768,192 )   $   6,776,116  

 

 

Reconciliation of property and equipment — 2022

 

 

    Opening Balance     Additions (Acquisitions)     Additions     Disposals     Translation     Depreciation     Impairment     Closing Balance  
Land   $ 1,486,718     $     $     $     $     $     $ (1,486,718 )   $  
Buildings     3,412,156       147,296                   (7,164 )     (300,228 )     (3,252,060 )      
Leasehold property     1,490,813       798,702       76,873             (460 )     (229,121 )     (2,134,654 )     2,153  
Plant and machinery     49,642             11,195                   (5,147 )     (55,690 )      
Furniture and fixtures     207,488       16,083       92,849             150       (54,997 )     (108,736 )     152,837  
Motor vehicles     38,516       66,244             (1,163 )     (541 )     (38,406 )     (12,808 )     51,842  
Office equipment     6,759       50,955       22,496                   (10,197 )     (7,975 )     62,038  
IT equipment     25,516       24,721                   3,588       (25,520 )     (3,589 )     24,716  
Computer equipment           47,071       3,907             (1,772 )     (10,325 )           38,881  
Programs and textbooks           16,594                                     16,594  
Spa equipment, curtains, crockery,
glassware and linen
    58,508       253,219       15,360             (36,033 )     (31,710 )     (45,274 )     214,070  
    $ 6,776,116     $ 1,420,885     $ 222,680     $ (1,163 )   $ (42,232 )   $ (705,651 )   $ (7,107,504 )   $ 563,131  

 

Reconciliation of property and equipment — 2021

 

    Opening Balance    

 

Additions

   

 

Translation

   

 

Depreciation

    Closing Balance  
Land   $ 1,486,718     $     $     $     $ 1,486,718  
Buildings     3,950,627             (215,291 )     (323,180 )     3,412,156  
Leasehold Property     1,655,128             9,777       (174,092 )     1,490,813  
Plant & Machinery     84,685       9,981       (37,427 )     (7,597 )     49,642  
Furniture and Fixtures     189,373       65,127       (6,558 )     (53,570 )     207,488  
Motor Vehicles     93,325             (21,803 )     (33,006 )     38,516  
Office Equipment     10,435       2,688             (6,364 )     6,759  
IT Equipment     32,989                   (7,473 )     25,516  
Spa Equipment, curtains, crockery, glassware and linen     93,710                   (35,202 )     58,508  
    $ 7,596,990     $ 77,797     $ (258,186 )   $ (640,485 )   $ 6,776,116