v3.25.1
Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of property, plant and equipment

 

 

Expected useful life

Office premises

 

47 to 51 years

Leasehold improvements 

 

Over terms of the leases or the useful lives whichever is less

Furniture, fixtures and office equipment

 

3 to 5 years

Motor vehicles

 

4 years

Testing equipment

 

3 years

Schedule of reconciliation of backlog representing the amount of revenue

 

 

US$’000

 

 

 

 

 

Contract revenue on uncompleted contracts at December 31, 2022

 

 

523

 

New contract awards during the year

 

 

9,044

 

Contract adjustment

 

 

252

 

Contract revenue recognized for the year

 

 

(5,797

Backlog at December 31, 2023

 

 

4,022

 

 

 

 

 

 

Contract revenue on uncompleted contracts at December 31, 2023

 

 

4,022

 

New contract awards during the year

 

 

5,621

 

Contract adjustment

 

 

30

 

Contract revenue recognized for the year

 

 

(5,834

Backlog at December 31, 2024

 

 

3,839

 

ZHEJIANG TIANLAN  
Schedule of property, plant and equipment

 

Land use right

Over terms of the leases

 

Buildings and leasehold improvements

11 to 50 years, with 5% residual value

 

Furniture, fixtures and office equipment

5 years, with 5% residual value

 

Motor vehicles

5 years, with 5% residual value

 

Plant and machineries

5 to 10 years, with 5% residual value