Property, plant and equipment
Items of property, plant and equipment are initially recognised at cost. As well as the purchase price, cost includes directly attributable costs.
Depreciation is provided on all items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives. It is provided at the following rates:
Fixtures and fittings |
- |
25% per annum straight line |
Leasehold improvements |
- |
10% per annum straight line |
| Laboratory equipment | - | 15% - 25% per annum straight line |
| Computer equipment | - | 25% per annum straight line |