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
Additions
209,153
Disposals
655,776 47,170 (26,069) (15,968)
37,737
772,566
362
256,685
(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:
At 30th June, 1998
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
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
25
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