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

13. Property and Equipment

v3.19.1
13. Property and Equipment
12 Months Ended
Dec. 31, 2018
Property And Equipment  
Property and Equipment

Note 13 — Property and Equipment

 

The table below shows the detailed movements which occurred in property and equipment during the years ended December 31, 2018, 2017 and 2016, considering cost and accumulated depreciation separately.

 

Cost or valuation   Plant and
machinery
    Industrial and
commercial
equipment
    Office and
office-related
equipment
    Total  
Balance at January 1, 2016   $ 89,866     $ 898     $ 16,775     $ 107,539  
Additions                 1,480       1,480  
Disposals                        
Revaluations     (120 )     (22 )     (211 )     (353 )
Balance at December 31, 2016   $ 89,746     $ 876     $ 18,044     $ 108,666  
Additions     289             2,104       2,393  
Disposals     (1,207 )           (2,104 )     (3,311 )
Revaluations     457       150       831       1,438  
Balance at December 31, 2017   $ 89,285     $ 1,026     $ 18,875     $ 109,186  
Additions                 2,688       2,688  
Disposals                        
Revaluations     (153 )     2       (192 )     (343 )
Balance at December 31, 2018   $ 89,132     $ 1,028     $ 21,371     $ 111,531  

 

Accumulated depreciation   Plant and
machinery
    Industrial and
commercial
equipment
    Office and
office-related
equipment
    Total  
Balance at January 1, 2016   $ 85,648     $ 108     $ 8,219     $ 93,975  
Depreciation charge for the year     495             3,149       3,644  
Balance at December 31, 2016   $ 86,143     $ 108     $ 11,368     $ 97,619  
Depreciation charge for the year     855             3,098       3,953  
Balance at December 31, 2017   $ 86,998     $ 108     $ 14,466     $ 101,572  
Depreciation charge for the year     661             2,749       3,410  

Balance at December 31, 2018

 

  $ 87,659     $ 108     $ 17,215     $ 104,982  
                                 
Property and equipment, net at December 31, 2016   $ 3,603     $ 768     $ 6,676     $ 11,047  
                                 
Property and equipment, net at December 31, 2017   $ 2,287     $ 918     $ 4,409     $ 7,614  
                                 
Property and equipment, net at December 31, 2018   $ 1,473     $ 920     $ 4,156     $ 6,549  

  

Revaluations of the property and equipment arise from increase/(decreases) in the 2018, 2017 and 2016 year-end Euro currency exchange rate as compared to the US Dollar from the prior year.