CONSOLIDATED WATER CO. LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Expressed in United States dollars) 5. Property, plant and equipment (continued) Included in plant and equipment is the reverse osmosis water production plant, which has been acquired under the Water Purchase Agreement (see Note 14). Included within additions for the year are transfers of completed projects from assets under construction comprising of buildings $159,506, plant and equipment $1,122,350, distribution $939,751 and office furniture, fixtures and equipment $115,600. During the year the Company capitalized $33,682 (1999: $35,749; 1998: $30,319) of depreciation charges in relation to plant and equipment specifically purchased to continue further development of the distribution system. At December 31, 2000, the Group had outstanding capital commitments of $570,000 (1999: $512,000). It is Company policy to maintain adequate insurance for loss or damage to all fixed assets except for the underground distribution system and assets insured by third parties under agreement. Quarterly interim dividends per share were declared in respect of both classes of shareholders on record as follows: Dividend per share: 2000 1999 1998 March 31 (1998: semi annual dividend) $0.08 $0.04 $0.07 June 30  $0.08 $0.04 $0.04 September 30 $0.08 $0.04 $0.04 December 31 $0.10 $0.08 $0.04 6. Dividends paid/payable Interim dividends for the first three quarters were paid during each respective year. The interim dividend for the fourth quarter was declared by the Board of Directors in October of each respective year. These quarterly interim dividends are subject to no further ratification and consequently the fourth quarter interim dividends have been recorded as a liability in each respective year. Included in dividends payable at December 31, 2000 are unclaimed dividends of $10,051 (1999: $10,303). 7. Bank balances and loans 2000 1999 Cash on hand and in current account $ 250,837 $ 22,146 Cash on hand and in current account is not restricted as to withdrawal or use. Bank overdrafts - Royal Bank of Canada $ 703,331 $ 651,606 European Investment Bank: Long term debt $ 1,351,566 $ 1,568,126 Royal Bank of Canada: Long term debt $ - $ 668,795