Notes on the Accounts
Hong Kong Ferry (Holdings) Co. Ltd.
45
11. FIXED ASSETS
(b) The analysis of the net book value of leasehold properties, which are all held in Hong Kong, is
as follows:
Group
Company
1999
1998
HK$'000
HK$'000
1999
HK$'000
1998
HK$'000
Medium term lease
457,071
2,882,254
193,445
198,109
Short term lease
30,980
32,114
488,051
2,914,368
193,445
198,109
12. PROPERTIES UNDER DEVELOPMENT
1999
1998
HK$'000
HK$'000
Transfer from investment properties
893,567
Transfer from properties held for development
1,092,138
Additions
2,085,306
Disposals
(202,500)
At 31 December
3,868,511
13. PROPERTIES PENDING TRANSFER TO SUBSIDIARIES
These properties were transferred to subsidiaries of the Company during 1999.