Notes on The Accounts (Continued)
8.
FIXED ASSETS
Plant,
Leasehold
Motor
fixtures and
land
Buildings
buses
equipment
Total
$000's
$000's
$000's
$000's
$000's
Group and Company
Cost or valuation:
At 1st July, 1995
33,606
42,919
611,495
35,990
724,010
Additions
3,446
1,214
4,660
Transfer (out)/in
(593)
593
Disposals
(22,307)
(535)
(22,842)
At 30th June, 1996
33,606
42,919
592,041
37,262
705,828
Aggregate depreciation:
At 1st July, 1995
Transfer (out)/in
Charge for the
year
Written back on disposal
At 30th June, 1996
5,309
376,332
31,572
413,213
(579)
579
478
28,301
1,176
29,955
(21,323)
(514)
(21,837)
5,787
382,731
32,813
421,331
Net book value:
At 30th June, 1996
Add: Buses under construction & in transit
Net book value:
At 30th June, 1995
Add: Buses under construction & in transit
-
at cost
Ja
at cost
33,606
37,132
209,310
4,449
284,497
46,381
330,878
33,606
37,610
235,163
4,418
310,797
Leasehold land at 30th June, 1996 is held in Hong Kong under long leases and comprises the following:-
At 1962 valuation
At cost
24
24
310,797
Group and Company
1996
1995
$000's
$000's
1,300
1,300
32,306
32,306
33,606
33,606