Notes on The Accounts (Continued)
8.
FIXED ASSETS
Leasehold
Investment
Motor
Plant, fixtures and
land
Buildings
Properties buses
equipment
Total
$000's
$000's
$000's
$000's
$000's
$000's
(a) Group
Cost or valuation:
At 1st July, 1997
33,606
45,447
655,776
37,737
772,566
Additions
209,153
47,170
362
256,685
Disposals
(26,069)
(15,968)
(42,037)
Revaluation surpluses
11,847
11,847
At 30th June, 1998
33,606
45,447
221,000
676,877
22,131
999,061
Aggregate depreciation:
At 1st July, 1997
Charge for the year Written back on disposals
At 30th June, 1998
Net book value:
I
6,286
523
6,809
401,803
33,479
441,568
37,359
919
38,801
(25,162)
(15,878)
(41,040)
414,000
18,520
439,329
33,606
38,638 221,000
262,877
3,611
559,732
At 30th June, 1998
Add: Buses under construction & in transit at cost
Net book value:
At 30th June, 1997
559,732
33,606
39,161
253,973
4,258
330,998
18,776
349,774
Add: Buses under construction & in transit
-
at cost
Analysis of cost or valuation of the above assets is as follows:
1998 valuation
1962 valuation
Cost
221,000
221,000
1,300 32,306
1,300
45,447
676,877
22,131
776,761
33,606
45,447 221,000 676,877
22,131
999,061
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