NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
13 INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND
LEASEHOLD LAND (Continued)
Ferry
vessels Machinery,
Buildings
HK$'000
and other
crafts
HK$'000
furniture
Investment
Interest in
leasehold
and others Sub-total properties HK$'000 HK$'000 HK$'000
land
HK$'000
Total
HK$'000
Cost or valuation:
At 1 January 2016
Additions
Cost adjustment (note)
Disposals
Reduction through disposal of
subsidiaries
(1,773)
Valuation gains
71,649
118,077 280,840
470,566
2,001,100
159,407
2,631,073
3,327
547
3,874
3,874
(8,258)
(8,258)
(261)
(261)
(1,492)
(1,753)
(4,065)
(5,838)
(5,838)
-
59,305
59,305
At 31 December 2016
73,203
118,077
277,061
468,341 2,050,655 159,407
2,678,403
Representing:
Cost
Valuation
Accumulated amortisation
73,203
118,077
277,061
468,341
159,407 627,748
2,050,655
2,050,655
73,203 118,077
277,061
468,341 2,050,655
159,407
2,678,403
and depreciation:
At 1 January 2016
Charge for the year
61,459
1,247
115,759
231,941
409,159
546
4,091
5,884
116,269
1,369
525,428
7,253
Written back on disposals
(260)
(260)
(260)
Written back through disposal
of subsidiaries
(1,765)
(3,634)
(5,399)
(5,399)
At 31 December 2016
60,941
116,305
232,138
409,384
117,638
527,022
Net book value:
At 31 December 2016
Note:
12,262
1,772
44,923
58,957 2,050,655
41,769 2,151,381
Cost adjustment represents the revision of the original construction cost of the properties completed in prior years, confirmed by the surveyor during the years ended 31 December 2015 and 2016.
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2016 105