8 FIXED ASSETS
Leasehold
Buses and other motor
land Buildings
vehicles
HK$'000
HK$'000
HK$'000
Others HK$'000
Total HK$'000
a Cost or valuation:
At 1st January, 1990
144,112
553,920
1,878,483
177,573
2,754,088
Additions
Disposals
(2,505)
32,578 104,270 (23,968) (12,503)
22,104 158,952
(282) (39,258)
At 31st December, 1990
141,607
562,530
1,970,250
199,395 2,873,782
Aggregate depreciation:
At 1st January, 1990
26,892
Charge for the year
Written back on disposal
(37)
NOTES
At 31st December, 1990
26,855
160,022 901,000 14,640 100,527 (21,598) (11,954)
153,064 989,573
22,915
105,520 1,193,434 138,082
(184) (33,773)
128,251
1,297,743
ON THE
Net book value at
31st December, 1990
114,752
409,466 980,677
71,144
1,576,039
ACCOUNTS
Add: Buses under construction
at cost
125,605
Deposits paid in respect of buses on order
1,701,644
Net book value at
31st December, 1989
Add: Buses under construction
117,220
393,898
977,483
72,053
1,560,654
- at cost
94,343
Deposits paid in respect of buses on order
1,225
1,656,222
b All the Company's leasehold land is held in Hong Kong and on long leases.
c Valuation
Included in the cost or valuation figure shown in the fixed assets summary is the following assets shown at valuation:
Net
Date of valuation
Valuation HK$'000
book value
HK$'000
Leasehold land
15th July, 1959
3,284
41