Page 36 University of Technology, Jamaica Notes to the Financial Statements 31 March 2020 (expressed in Jamaican dollars unless otherwise indicated) 11. Property, Plant & Equipment (Continued) Freehold Land and Buildings Leasehold Buildings and Improvements Furniture, Fixtures, Plant and Equipment Motor Vehicles Capital Projects in Progress Total $’000 $’000 $’000 $’000 $’000 $’000 2019 At Cost - At 1 April 2017 5,158,649 107,768 2,594,138 61,276 17,542 7,939,373 Additions - - 241,732 17,534 50,506 309,772 Disposals - - (17,976) (4,835) - (22,811) At 31 March 2019 5,158,649 107,768 2,817,894 73,975 68,048 8,226,334 Depreciation - At 1 April 2017 1,196,712 13,151 1,635,334 55,943 - 2,901,140 Charge for the year 116,126 - 194,134 5,051 - 315,311 On disposals - - (14,210) (4,834) - (19,044) At 31 March 2019 1,312,838 13,151 1,815,258 56,160 - 3,197,407 Net Book Value - 31 March 2019 3,845,811 94,617 1,002,636 17,815 68,048 5,028,927 12. Right of use Asset/Leases This note provides information for lease where the company is a lessee. The company is not a lessor. (a) Amounts recognised in the statement of financial position Right of Use Asset: 31 March 2020 $’000 31 March 2019 $’000 Right-of-Use Asset Building 76,366 - Lease liabilities Current 5,926 - Non-Current 71,541 - 77,467 - University of Technology, Jamaica 152
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