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, 1996
33,606
42,919
592,041
37,262
705,828
Additions
2,528
78,204
998
81,730
Transfer (out)/in
(415)
415
Disposals
(14,054)
(938)
(14,992)
At 30th June, 1997
33,606
45,447
655,776
37,737
772,566
Aggregate depreciation:
At 1st July, 1996 Transfer (out)/in
Charge for the year
Written back on disposal
At 30th June, 1997
Net book value:
At 30th June, 1997
Add: Buses under construction & in transit at cost
5,787
382,731
32,813
421,331
(401)
401
499
33,067
1,195
34,761
(13,594)
(930)
(14,524)
6,286
401,803
33,479
441,568
33,606
39,161
253,973
4,258
330,998
18,776
349,774
Net book value:
At 30th June, 1996
33,606
37,132
209,310
4,449
284,497
Add: Buses under construction & in transit at cost
46,381
330,878
Leasehold land at 30th June, 1997 is held in Hong Kong under long and medium leases and comprises the following:-
Group and Company
At 1962 valuation
At cost
24
Long leases
1997
Medium lease
1996
1997
1996
$000's
$000's
$000's
$000's
1,300
1,300
27,467 32,306
4,839
28,767 33,606
4,839
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