NOTES ON THE ACCOUNTS (Continued)
10. FIXED ASSETS (continued)
COMPANY
COST OR VALUATION
Machinery,
Investment Leasehold
Ferry vessels and other
furniture and other
properties
land Buildings
craft
HK$'000
HK$'000
HK$'000
HK$'000
fixed
assets
Total
HK$'000 HK$'000
At 1 January 1989
403,000
18,505 39,502 571,327
24,919 1,057,253
Reclassification
2,127
(2,127)
Additions and transfer from
assets under construction
30,613
Transfer to subsidiary
845
(18,521)
Valuation surplus
130,260
I
118 31,576
(24,760) (43,281)
130,260
Disposals
(58)
(58)
At 31 December 1989
566,000
16,378 21,826
571,269
277 1,175,750
AGGREGATE
DEPRECIATION
At 1 January 1989
Written back on disposals
Charge for the year
Transfer to subsidiary
At 31 December 1989
T
154 13,663
200,312
12,559
226,688
(35)
(35)
65
219
548
(8,919)
5,292
21,886
28
22,527
(12,493)
(21,412)
222,163
94
227,768
NET BOOK VALUE
At 31 December 1989
566,000
16,159
16,534 349,106
183
947,982
At 31 December 1988
403,000
18,351
25,839 371,015
12,360 830,565
20