Fast-growing bakery Honey Bun Limited recorded $145 million worth of additions to its property plant and equipment in its financial year.
That’s three times higher than a year earlier, according to audited financials released this month.
The rise comes amid the acquisition of two properties in the company’s financial year ending September 2014.
As a consequence, the net value of its property, plant and equipment rose to $296 million.
The greatest additions came from the building assets which rose to $134 million from $40 million one year earlier, followed by land at $20 million from nil a year earlier, the financials indicated.
Published in the Observer
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