13
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND LEASEHOLD LAND
Ferry vessels
and other
Buildings
crafts
Machinery,
furniture
and others
Interest in
Investment
leasehold
Sub-total
properties
land
Total
HK$'000
HK$'000
HK$'000
HK$'000
HK$'000
·HK$'000
HK$'000
Cost or valuation:
At 1 January 2016
71,649
118,077
280,840
470,566
2,001,100
159,407
2,631,073
Additions
3,327
547
3,874
3,874
Cost adjustment (note)
(8,258)
(8,258)
Disposals
(261)
(261)
(1,492)
(1,753)
Reduction through
disposal of subsidiaries
(1,773)
(4,065)
(5,838)
(5,838)
Valuation gains
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
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
Accumulated amortisation
and depreciation:
At 1 January 2016
61,459
115,759
231,941
409,159
116,269
525,428
Charge for the year
1,247
546
4,091
5,884
1,369
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
12,262
1,772
44,923
58,957 2,050,655
41,769
2,151,381
117
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2017