UTAH MEDICAL PRODUCTS INC - 10-K filing on 2016-03-10

Note 5 - Property and Equipment

12 Months Ended

Dec. 31, 2015

Note 5 – Property and Equipment

Property and equipment consists of the following:

		December 31,
		2015		2014
Land	$	1,299	$	1,342
Buildings and improvements		10,184		10,657
Furniture, equipment and tooling		15,566		15,483
Construction-in-progress		31		131
Total		27,080		27,613
Accumulated depreciation		(19,711)		(19,377)
Property and equipment, net	$	7,369	$	8,236

Included in the Company’s consolidated balance sheet are the assets of its manufacturing and administrative facilities in Utah, England, Australia and Ireland. Property and equipment, by location, are as follows:

		December 31, 2015
		Utah		England		Australia		Ireland		Total
Land	$	926	$	-	$	-	$	373	$	1,299
Building and improvements		5,677		-		525		3,982		10,184
Furniture, equipment and tooling		14,010		565		39		952		15,566
Construction-in-progress		31		-		-		-		31
Total		20,644		565		564		5,307		27,080
Accumulated depreciation		(16,825)		(300)		(41)		(2,545)		(19,711)
Property and equipment, net	$	3,819	$	265	$	523	$	2,762	$	7,369

		December 31, 2014
		Utah		England		Australia		Ireland		Total
Land	$	926	$	-	$	-	$	416	$	1,342
Building and improvements		5,635		-		585		4,437		10,657
Furniture, equipment and tooling		13,854		554		43		1,032		15,483
Construction-in-progress		120		7		-		4		131
Total		20,535		561		628		5,889		27,613
Accumulated depreciation		(16,482)		(212)		(16)		(2,667)		(19,377)
Property and equipment, net	$	4,053	$	349	$	612	$	3,222	$	8,236