NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
13 INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND
LEASEHOLD LAND (Continued)
Ferry vessels Machinery,
Buildings
HK$'000
and other furniture
crafts and others
HK$'000 HK$'000
Investment
Interest in
leasehold
Sub-total properties
HK$'000 HK$'000
land
HK$'000
Total
HK$'000
Cost or valuation:
At 1 January 2017
73,203
118,077
277,061
Additions
501
1,037
1,304
468,341
2,842
2,050,655
159,407
2,678,403
2,842
Cost adjustment (note)
(24)
(24)
Disposals
(203)
(203)
(203)
Valuation gains
56,954
56,954
At 31 December 2017
73,704
119,114
278,162
470,980 2,107,585
159,407
2,737,972
Representing:
Cost
Valuation
73,704
119,114
278,162
470,980
-
2,107,585
159,407 630,387
2,107,585
73,704
119,114
278,162
470,980 2,107,585
159,407 2,737,972
Accumulated amortisation
and depreciation:
At 1 January 2017
60,941
Charge for the year
1,023
116,305
681
232,138
409,384
3,972
5,676
117,638
1,369
527,022
7,045
Written back on disposals
(203)
(203)
(203)
At 31 December 2017
61,964
116,986
235,907
414,857
Net book value:
At 31 December 2017
Note:
119,007
533,864
11,740
2,128
42,255
56,123 2,107,585
40,400 2,204,108
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 2016 and 2017.
118
Hong Kong Ferry (Holdings) Company Limited Annual Report 2017
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