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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)4. Property, plant and equipment Plant, Ofce Land and machinery & Motor furniture & Capital buildings equipment vehicles equipment WIP Total $ $ $ $ $ $At 31 December 2018Cost 32,890 140,820 6,509 22,433 4,727 207,379Accumulated depreciation (12,852) (72,081) (5,712) (17,738) %u2013 (108,383)Net book value 20,038 68,739 797 4,695 4,727 98,9961 January 2018 20,643 73,741 1,243 6,020 9,084 110,731Additions %u2013 201 %u2013 194 5,196 5,591Transfers from WIP 411 3,984 %u2013 512 (4,907) %u2013Transfers to Intangible assets %u2013 %u2013 %u2013 %u2013 (3,987) (3,987)Disposals and other movements (119) (90) %u2013 (18) (659) (886)Depreciation charge (897) (9,097) (446) (2,013) %u2013 (12,453)31 December 2018 20,038 68,739 797 4,695 4,727 98,996 At 31 December 2017Cost 32,596 160,605 6,509 21,921 9,084 230,715Accumulated depreciation (11,953) (86,864) (5,266) (15,901) %u2013 (119,984)Net book value 20,643 73,741 1,243 6,020 9,084 110,7311 January 2017 21,352 75,770 1,326 7,698 11,886 118,032Additions %u2013 283 345 213 4,373 5,214Transfers from WIP %u2013 6,514 %u2013 278 (6,792) %u2013Transfers to Intangible assets %u2013 %u2013 %u2013 %u2013 (383) (383)Disposals and other movements 21 13 %u2013 (7) %u2013 27Depreciation charge (730) (8,839) (428) (2,162) %u2013 (12,159)31 December 2017 20,643 73,741 1,243 6,020 9,084 110,731The carrying value of assets held under fnance lease arrangements amounted to $796 thousand (2017: $1.5 million) at year end and is presented under the Motor vehicles category of property, plant and equipment.76 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018