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International Entertainment (HKSE:01009) Gross Property, Plant and Equipment : HK$1,133.1 Mil (As of Dec. 2024)


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What is International Entertainment Gross Property, Plant and Equipment?

International Entertainment's quarterly gross PPE increased from Dec. 2023 (HK$192.8 Mil) to Jun. 2024 (HK$1,743.3 Mil) but then declined from Jun. 2024 (HK$1,743.3 Mil) to Dec. 2024 (HK$1,133.1 Mil).

International Entertainment's annual gross PPE increased from Jun. 2022 (HK$812.8 Mil) to Jun. 2023 (HK$819.4 Mil) and increased from Jun. 2023 (HK$819.4 Mil) to Jun. 2024 (HK$1,743.3 Mil).


International Entertainment Gross Property, Plant and Equipment Historical Data

The historical data trend for International Entertainment's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

International Entertainment Gross Property, Plant and Equipment Chart

International Entertainment Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 877.90 903.89 812.76 819.43 1,743.31

International Entertainment Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.37 819.43 192.81 1,743.31 1,133.07

International Entertainment Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


International Entertainment  (HKSE:01009) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


International Entertainment Gross Property, Plant and Equipment Related Terms

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International Entertainment Business Description

Traded in Other Exchanges
N/A
Address
8 Connaught Place, 18th Floor, Suites 1802–1803, Three Exchange Square, Central, Hong Kong, HKG
International Entertainment Corp is engaged in gaming operation, hotel operation, and live events. The reportable segments of the company are Hotel Operation, Gaming Operation, and Live Events. The majority of its revenue is derived from the Gaming Operation segment which represents the leasing of properties equipped with entertainment equipment at the hotel complex of the Group in the Philippines with participation in casino operations and the gaming business acquired by the company. The Hotel Operation segment represents the operation of the hotel business in the Philippines, and the Live Events segment represents the operation of live poker events business. Geographically, it derives key revenue from the Philippines.
Executives
Eriska Investment Fund Ltd 2101 Beneficial owner
Tang Yuk Fan 2201 Interest of corporation controlled by you
Ag Investment Management Company Limited 2201 Interest of corporation controlled by you
Excite Investments Holdings Limited 2201 Interest of corporation controlled by you
Excite Opportunity Fund L.p. 2101 Beneficial owner
Glorious Future Fund Spc 2201 Interest of corporation controlled by you
Ho Wong Meng 2201 Interest of corporation controlled by you

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