Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
13
FIXED ASSETS (Continued)
The Group (Continued)
Ferry vessels
and other
Machinery,
Interest in
furniture
Investment
leasehold
Buildings
HK$'000
crafts
and others
Sub-total
properties
land
Total
HK$'000
HK$'000
HK$'000
HK$'000
HK$'000
HK$'000
Cost or valuation:
At 1 January 2013
70,220
131,643
278,004
479,867
1,182,800
159,407
1,822,074
Additions
57
519
1,487
2,063
2,063
Disposals
(69)
(14,085)
(266)
(14,420)
(24,000)
(38,420)
Valuation gains
93,100
93,100
At 31 December 2013
70,208
118,077
279,225
467,510 1,251,900
159,407
1,878,817
Representing:
Cost
Valuation
70,208
118,077
279,225
467,510
159,407
626,917
1,251,900
1,251,900
70,208
118,077
279,225
467,510 1,251,900
159,407
1,878,817
Accumulated amortisation
and depreciation:
At 1 January 2013
59,217
128,076
218,850
406,143
112,162
518,305
Charge for the year
584
681
4,794
6,059
1,369
7,428
Written back on disposals
(69)
(14,085)
(230)
(14,384)
(14,384)
At 31 December 2013
59,732
114,672
223,414
397,818
Net book value:
At 31 December 2013
Note:
113,531
511,349
10,476
3,405
55,811
69,692
1,251,900
45,876
1,367,468
Cost adjustment represents the revision of the original construction cost of the properties completed in prior years, confirmed by the surveyor during the year ended 31 December 2012.