CapitaLand Integrated Commercial Trust - Annual Report 2021

Notes to the Financial Statements YEAR ENDED 31 DECEMBER 2021 3 SIGNIFICANT ACCOUNTING POLICIES (continued) 3.16 Segment reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. All operating segments’ operating results are reviewed regularly by the Chief Executive Officer of the Manager (the Group’s “Chief Operating Decision Maker” or “CODM”) to make decisions about the resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. 3.17 New standards and amendments not adopted A number of new standards and amendments to standards are effective for annual periods beginning after 1 January 2021 and earlier application is permitted; however, the Group has not early adopted the principles under the new or amended standards in preparing these financial statements. The Group has assessed and does not expect the application of these standards to have a significant impact on the financial statements. 4 PLANT AND EQUIPMENT Group Trust 2021 2020 2021 2020 $’000 $’000 $’000 $’000 Furniture, fittings and equipment Cost At 1 January 13,868 9,523 8,839 7,599 Acquisition of subsidiary (Note 32) – 3,054 – – Additions 289 1,506 183 1,427 Disposals (17) (75) (15) (65) Assets written off (449) (125) (448) (122) Translation difference (62) (15) – – At 31 December 13,629 13,868 8,559 8,839 Accumulated depreciation At 1 January 6,804 6,233 6,201 5,750 Charge for the year 1,177 786 711 638 Disposals (16) (75) (15) (65) Assets written off (431) (125) (430) (122) Translation difference (26) (15) – – At 31 December 7,508 6,804 6,467 6,201 Carrying amounts At 1 January 7,064 3,290 2,638 1,849 At 31 December 6,121 7,064 2,092 2,638 CapitaLand Integrated Commercial Trust 250