(a) The movement in property, plant and equipment is as follows:

Property, plant and equipment — movement in 2025

Property, plant and equipment — movement in 2025
DescriptionManufacturing plantsBuildings and leasehold improvementsFurniture and fixturesOther machinery and equipmentMotor vehiclesCapital work-in-progressTotal
Cost:
At January 1, 20257,942,022333,38627,367247,5043,087435,8918,989,257
Reclassification1(73,087)----73,087-
Additions-----429,287429,287
Disposals----(424)-(424)
Transfers22,777635-292-(23,704)-
At December 31, 20257,891,712334,02127,367247,7962,663914,5619,418,120
Accumulated depreciation:
At January 1, 20253,733,745291,73627,148216,2802,680-4,271,589
Charge for the year219,0045,587704,094183-228,938
Disposals----(230)-(230)
At December 31, 20253,952,749297,32327,218220,3742,633-4,500,297
Net book value:
December 31, 20253,938,96336,69814927,42230914,5614,917,823

Property, plant and equipment — movement in 2025

Property, plant and equipment — movement in 2025
DescriptionManufacturing plantsBuildings and leasehold improvementsFurniture and fixturesOther machinery and equipmentMotor vehiclesCapital work-in-progressTotal
Cost:
At January 1, 20257,942,022333,38627,367247,5043,087435,8918,989,257
Reclassification1(73,087)----73,087-
Additions-----429,287429,287
Disposals----(424)-(424)
Transfers22,777635-292-(23,704)-
At December 31, 20257,891,712334,02127,367247,7962,663914,5619,418,120
Accumulated depreciation:
At January 1, 20253,733,745291,73627,148216,2802,680-4,271,589
Charge for the year219,0045,587704,094183-228,938
Disposals----(230)-(230)
At December 31, 20253,952,749297,32327,218220,3742,633-4,500,297
Net book value:
December 31, 20253,938,96336,69814927,42230914,5614,917,823

1 During the year, the Company has reassessed the presentation of certain plant and equipment pertaining to capital work-in-progress. These items were previously being presented within manufacturing plants and have now been presented under capital work-in-progress.

Property, plant and equipment — movement in 2024

Property, plant and equipment — movement in 2024
DescriptionManufacturing plantsBuildings and leasehold improvementsFurniture and fixturesOther machinery and equipmentMotor vehiclesCapital work-in-progressTotal
Cost:
At January 1, 20247,827,245330,98327,367244,5843,087359,5088,792,774
Additions-----196,595196,595
Disposals(112)-----(112)
Transfers114,8892,403-2,920-(120,212)-
At December 31, 20247,942,022333,38627,367247,5043,087435,8918,989,257
Accumulated depreciation:
At January 1, 20243,495,216286,12627,043211,3072,451-4,022,143
Charge for the year238,5295,6101054,973229-249,446
At December 31, 20243,733,745291,73627,148216,2802,680-4,271,589
Net book value:
December 31, 20244,208,27741,65021931,224407435,8914,717,668

Property, plant and equipment — movement in 2024

Property, plant and equipment — movement in 2024
DescriptionManufacturing plantsBuildings and leasehold improvementsFurniture and fixturesOther machinery and equipmentMotor vehiclesCapital work-in-progressTotal
Cost:
At January 1, 20247,827,245330,98327,367244,5843,087359,5088,792,774
Additions-----196,595196,595
Disposals(112)-----(112)
Transfers114,8892,403-2,920-(120,212)-
At December 31, 20247,942,022333,38627,367247,5043,087435,8918,989,257
Accumulated depreciation:
At January 1, 20243,495,216286,12627,043211,3072,451-4,022,143
Charge for the year238,5295,6101054,973229-249,446
At December 31, 20243,733,745291,73627,148216,2802,680-4,271,589
Net book value:
December 31, 20244,208,27741,65021931,224407435,8914,717,668

(b) Manufacturing plants include refinery turnaround costs. The movement in refinery turnaround costs is as follows:

Refinery turnaround costs

Refinery turnaround costs
Description20252024
Cost:
Opening and closing balance186,142186,142
Accumulated depreciation:
Opening balance135,414110,122
Charge for the year14,49425,292
Closing balance149,908135,414
Net book value36,23450,728

Refinery turnaround costs

Refinery turnaround costs
Description20252024
Cost:
Opening and closing balance186,142186,142
Accumulated depreciation:
Opening balance135,414110,122
Charge for the year14,49425,292
Closing balance149,908135,414
Net book value36,23450,728

(c) Additions during the year in capital work-in-progress principally relates to the additions to refineries. Capital work-in-progress as at December 31, 2025, relates to the development and enhancement work for the refineries.

(d) Depreciation charge for the year has been allocated as follows:

Allocation of depreciation charge

Allocation of depreciation charge
DescriptionNotes20252024
Cost of revenue26228,558248,971
General and administrative expenses28380475
228,938249,446

Allocation of depreciation charge

Allocation of depreciation charge
DescriptionNotes20252024
Cost of revenue26228,558248,971
General and administrative expenses28380475
228,938249,446