LO
5
4
Development Fund
Balance at 1 January
Transfer (to)/from profit and loss account
Interest at 8% per annum on the average balance of the
Development Fund
Balance at 31 December
The Permitted Return
Note
1996
HK$'m
1995
HK$'m
2.0
(1.8)
1.9
lc(i)
0.1
12
0.1
0.3
2.0
Buses and
Leasehold
Other Motor
land
Buildings
Vehicles
Others
Total
HK$'m
HK$'m
HK$'m
HK$'m
HK$'m
Cost or Valuation:
At 1 January 1996
132.9
648.1 3,498.7
291.0
4,570.7
Additions
47.0
524.0
47.4
618.4
Disposals
(88.7)
(2.1)
(90.8)
At 31 December 1996
132.9
695.1
3,934.0
336.3
5,098.3
Aggregate Amortisation and
Depreciation:
At 1 January 1996
22.5
224.4
1,627.9
234.6
2,109.4
Charge for the year
2.1
24.5
232.3
34.1
293.0
Written back on disposals
(88.1)
(1.7)
(89.8)
At 31 December 1996
24.6
248.9
1,772.1
267.0
2,312.6
66