26

2. Other Accounting Policies (Continued)

d) Foreign Currency Transactions

Export credit loans drawn in foreign

currencies have been converted into Hong

Kong dollars at the rates of exchange

prevailing at the actual dates on which

they were drawn and the amounts included

in the Balance Sheet on that basis.

Other than as stated in note 1 (b), foreign

currency balances included in the Balance

Sheet have been converted into Hong

Kong dollars at approximately the rates of

exchange ruling at the Balance Sheet date.

3. Fixed Assets

Movements during the year

續二、其他會計原則

(丁)外幣結算

外幣出口信用貸欵均已按實際貸款日之 兌換率折成港幣,其金額亦據此計入資產負 債表內。

除附註一(乙)之外幣結算外,資產負 債表上之其他外幣結餘,均按編製資產負債 表之日外幣與港元兌換率折成港幣。

三、固定資產

本年度固定資產之變動:

Railway Construction

Cost 興建地下鐵路之開支

At1 January 1977

--一九七七年一月一日

instruments

Land

Furniture

Fixtures

and

Office

Fittings

Motor

Vehicles

Laboratory

and

傢具

土地

及裝闖

Equipment 辦公室 設備

and

Work Boats

Site

Testing

Offices

車輛及 作業船

地盤

辦事處

Equipment

儀器、實驗室 及檢驗設備

Total

總計

$000

千元

$000 千元

$000 千元

$000

千元

$000

$000

$000

千元

千元

千元

170,000

6,842

366

1,656

5,617

2,418

186,899

Additions during the

year at cost

2,633

437

572

848

1,064

5,554

是年內添增(原值計)

Disposals during

the year at cost

(95)

(7)

(118)

(15)

(1)

(236)

是年內出售(原值計)

170,000

9,380

796

2,110

6,450

3,481

192,217

Estates Development

Cost 物業發展開支

At1 January 1977 一九七七年一月一日

165,000

Additions during

1

1

1

165,002

the year at cost

109

2

是年內添堈( 原值計 )

165,000

109

3

111

165,113

At 31 December 1977

一九七七年十二月卅一日

335,000

9,489

799

2,110

6,450

3,482

357,330

At 31 December 1976 一九七六年十二月卅一日

335,000

6,842

367

1,656

5,617

2,419

351,901

Losses on disposal of fixed assets during the year amounted to $120,000 (1976 $26,000) and have been included under

Overheads.

是年內出售固定資產之損失為120,000元(一九七六年爲26,000元),並已計入經常開支項內。

支付香港政府之批地費用:

Land relates to premiums paid to Government as follows:-

For the depot site at Kowloon Bay 九龍灣車廠地盤(百萬元)

$170 million

For the right to develop above the depot site at Kowloon Bay 九龍灣車廠地盤上蓋之發展權(百萬元) $165 million

These premiums have been discharged by additional equity issues to an equivalent value (note 8), and represent a grant from

the Crown by Private Treaty for the residue of a term of 99 years, less the last 3 days, commencing from the first day of July 1898. The deed of grant was signed on 29 June 1977.

此兩項費用已由再發行價值相等之股份抵償(附註入),該等官地乃由政府以非競投之私人協議方式批出,剩餘年期 九十九年,由一八九八年七月一日起計減去最後三日。批地契約已於一九七七年六月廿九日簽訂。

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