kAThMANdu  annual report 2012 51 12 PROPERTY, PLANT ANd EQuIPMENT Group Leasehold  improvement $’000 office, plant  & equipment $’000 Furniture &  fittings $’000 Computer  equipment $’000 motor  vehicles $’000 total $’000 As at 31 July 2010 Cost or valuation 28,373 3,565 10,301 6,990 314 49,543 Accumulated depreciation (10,607) (2,007) (3,877) (4,837) (197) (21,525) Closing net book value 17,766 1,558 6,424 2,153 117 28,018 Year ended 31 July 2011 Opening net book value 17,766 1,558 6,424 2,153 117 28,018 Additions 9,134 304 1,025 725 - 11,188 Disposals (137) - (28) (7) - (172) Depreciation charge (3,902) (484) (1,555) (584) (28) (6,553) Exchange differences 205 27 96 12 1 341 Closing net book value 23,066 1,405 5,962 2,299 90 32,822 As at 31 July 2011 Cost or valuation 37,178 3,907 11,379 7,621 317 60,402 Accumulated depreciation (14,112) (2,502) (5,417) (5,322) (227) (27,580) Closing net book value 23,066 1,405 5,962 2,299 90 32,822 Year ended 31 July 2012 Opening net book value 23,066 1,405 5,962 2,299 90 32,822 Additions 12,407 517 4,077 859 8 17,868 Disposals (535) (7) (779) (19) (20) (1,360) Depreciation charge (4,986) (485) (2,020) (421) (20) (7,932) Exchange differences 394 19 85 14 1 513 Closing net book value 30,346 1,449 7,325 2,732 59 41,911 As at 31 July 2012 Cost or valuation 49,362 4,441 14,070 8,379 252 76,504 Accumulated depreciation (19,016) (2,992) (6,745) (5,647) (193) (34,593) Closing net book value 30,346 1,449 7,325 2,732 59 41,911