Notes on the Accounts
11. FIXED ASSETS
Group
Hong Kong Ferry (Holdings) Co. Ltd.
Property, plant and equipment
Machinery,
Leasehold
Ferry vessels
furniture
Properties
Hotel
land and
and other
and other
Investment
held for
properties
buildings
crafts
HK$'000
HK$'000
HK$'000
fixed assets
HK$'000
Sub-total
HK$'000
properties development
Total
HK$'000 HK$'000
HK$'000
Cost or valuation:
At 1 January 1999
63,761
305,217
946,974
Additions
760
23,064
3,852
310,378 1,626,330
27,676
1,276,000 1.331.000
4,233,330
27,676
Disposals
(7.556)
(112,427)
(2,910)
(122,893)
(122,893)
Transfer to properties
under development
(1,089,000) (1,331,000) (2,420,000)
Revaluation surplus
1,000
1,000
At 31 December 1999
63,761
298,421
857,611
311,320
1,531,113
188,000
1,719,113
Representing:
Cost
63,761
298,421
857,611
311.320 1,531,113
1,531,113
1999 valuation
188,000
188,000
63,761
298,421
857,611
311,320
1,531,113
188,000
1,719,113
Aggregate depreciation:
At 1 January 1999
61,610
802,860
129,329 993,799
993.799
Charge for the year
7.916
Written back on disposal
21,725
(7,395) (112,357) (2,878)
18,612
48,253
48,253
(122,630)
(122,630)
At 31 December 1999
62.131
712.228
145,063
919.422
919.422
Net book value:
At 31 December 1999
63,761
236,290
145,383
166,257
611,691
188,000
799,691
At 31 December 1998
63.761
243,607
144,114
181,049
632,531 1,276,000 1,331,000 3,239,531
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