128
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
11
INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND LEASEHOLD LAND
Ferry vessels
Buildings
HK$'000
and other
crafts
HK$'000
Machinery, furniture
and others
HK$'000
Interest in
Investment
leasehold
HK$'000
Sub-total properties HK$'000
land
HK$'000
Total
HK$'000
Cost or valuation:
At 1 January 2017
73,203
Additions
501
118,077 1,037
277,061 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
159,407
2,107,585
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
Written back on disposals
3,972
(203)
5,676
117,638 1,369
527,022
7,045
(203)
(203)
At 31 December 2017
61,964
116,986
235,907
414,857
119,007
533,864
Net book value:
At 31 December 2017
11,740
2,128
42,255
56,123 2,107,585
40,400 2,204,108
Note: 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 2017.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018
Page 130Page 131