9
FIXED ASSETS
(a) The Group
Leasehold
Buses and
other motor
land Buildings HK$'000 HK$'000
vehicles
HK$'000
Others
HK$'000 - HK$'000
Total
Cost or valuation:
At 1 January 1996
132,909
648,062 3,498,768
290,965 4,570,704
Additions
Disposals
47,086 524,035 47,315 618,436
(88,757) (2,063) (90,820)
At 31 December 1996
132,909
695,148 3,934,046 336,217 5,098,320
Aggregate amortisation and
depreciation:
At 1 January 1996
Charge for the year
22,563 2,143
224,383
24,506
Written back on disposals
1,627,905
232,303 34,052 293,004
(88,078) (1,763) (89,841)
234,617 2,109,468
At 31 December 1996
24,706
248,889
1,772,130
266,906 2,312,631
Net book value:
At 31 December 1996
108,203
446,259 2,161,916
69,311 2,785,689
Add: Buses under construction at cost
Deposits paid in respect of buses on order
555,921
45
3,341,655
Net book value:
At 31 December 1995
110,346
423,679
1,870,863
56,348
2,461,236
Add: Buses under construction at cost
Deposits paid in respect of buses on order
53
309,977
5,619
2,776,832