ESR Group Limited Annual Report 2023 179 Notes to the Consolidated Financial Statements 31 December 2023 13. PROPERTY, PLANT AND EQUIPMENT (continued) Motor vehicles Machinery Leasehold improvements Construction in progress Others Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 31 December 2022 At 1 January 2022: Cost 520 33,330 4,400 — 9,578 47,828 Accumulated depreciation (319) (4,940) (2,233) — (6,399) (13,891) Net carrying amount 201 28,390 2,167 — 3,179 33,937 At 1 January 2022, net of accumulated depreciation 201 28,390 2,167 — 3,179 33,937 Additions — 5,636 1,539 4,954 4,412 16,541 Acquisition of subsidiaries 404 — — — 3,673 4,077 Disposals (160) — (672) — (607) (1,439) Disposal of subsidiaries — — — — (1) (1) Depreciation provided during the year (192) (1,591) (774) — (3,032) (5,589) Reclassification from intangible assets — — — — 208 208 Transfer to assets held for sale — — (129) — — (129) Exchange realignment 375 (3,560) (123) (163) (312) (3,783) At 31 December 2022, net of accumulated depreciation 628 28,875 2,008 4,791 7,520 43,822 At 31 December 2022: Cost 1,110 34,731 4,249 4,791 20,467 65,348 Accumulated depreciation (482) (5,856) (2,241) — (12,947) (21,526) Net carrying amount 628 28,875 2,008 4,791 7,520 43,822 At 31 December 2023, certain of the Group’s property, plant and equipment with a carrying amount of US$32,162,000 (2022: US$28,875,000) were pledged to secure certain bank and other borrowings of the Group as disclosed in note 25. CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS
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