Company | Plant, | Land | |||
Assets under | Equipment | and | |||
Construction | Vessels | and Vehicles | Buildings | Total | |
€m | €m | €m | €m | €m | |
Cost | |||||
At 1 January 2020 | 6.4 | 160.0 | 3.3 | 0.1 | 169.8 |
Additions | 1.3 | 1.2 | - | - | 2.5 |
Impairment | (2.3) | - | - | - | (2.3) |
Disposals | (5.4) | - | - | - | (5.4) |
At 31 December 2020 | - | 161.2 | 3.3 | 0.1 | 164.6 |
Additions | - | - | 0.3 | - | 0.3 |
At 31 December 2021 | - | 161.2 | 3.6 | 0.1 | 164.9 |
Accumulated depreciation | |||||
At 1 January 2020 | - | 5.5 | 3.0 | 0.1 | 8.6 |
Depreciation charge for the financial year | - | 5.6 | 0.2 | - | 5.8 |
At 31 December 2020 | - | 11.1 | 3.2 | 0.1 | 14.4 |
Depreciation charge for the financial year | - | 5.7 | 0.2 | - | 5.9 |
At 31 December 2021 | - | 16.8 | 3.4 | 0.1 | 20.3 |
Carrying amount | |||||
At 31 December 2021 | - | 144.4 | 0.2 | - | 144.6 |
At 31 December 2020 | - | 150.1 | 0.1 | - | 150.2 |
During the prior period, a contract the Company had entered into for the construction of a new vessel was cancelled due to the inability of the shipyard to deliver the vessel. Previously paid contractual deposits were returned to the Company by the deposit guarantor. An impairment charge of €2.3 million was recognised in the year ended 31 December 2020 against costs previously capitalised not related to the deposit guarantee.