Property, Plant, and Equipment - Net

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment - net

7. Property, Plant and Equipment - net

	December 31,
	2020		2019
Cost
Construction in progress	$	143,465	$	29,367
Plant and buildings		29,963		28,833
Machinery and equipment		63,675		49,762
Motor vehicles		1,830		1,536
Office equipment and furniture		3,343		3,431
Leasehold improvements		15,632		12,767
Total cost	$	257,908	$	125,696
Less: Accumulated depreciation
Construction in progress	$	—	$	—
Plant and buildings		13,200		12,183
Machinery and equipment		32,398		27,012
Motor vehicles		1,184		1,057
Office equipment and furniture		1,823		2,122
Leasehold improvements		8,932		9,012
Total accumulated depreciation	$	57,537	$	51,386
Property, plant and equipment, net	$	200,371	$	74,310

Buildings of Sinovac Dalian with a net book value of $2,567 (RMB16.7 million) were pledged as collateral for a bank loan from Bank of China (note 11 (b)).

Buildings of Sinovac Dalian with a net book value of $672 (RMB4.4 million) were pledged as collateral for a bank loan from China Merchants Bank (note 11 (g)).

Buildings and Machinery and equipment of Sinovac Dalian with a net book value of $23,015 (RMB150.2 million) were pledged as collateral for a bank loan from China Everbright Bank (note 11 (h))

Net depreciation expense for the year ended December 31, 2020 was $3,693 (2019 - $4,579, 2018 - $4,887 ), after deduction of amortized government grant specifically related to qualified property, plant and equipment.

Loss on disposal of equipment for the year ended December 31, 2020 was $163 (2019 - $294, 2018 - $75).