CMB_1992 — Page 21

Notes on The Accounts (Continued)

9.

FIXED ASSETS (Continued)

Plant,

Leasehold

Motor

fixtures and

land

Buildings

buses

equipment

Total

$000's

$000's

$000's

$000's

$000's

The company

Cost or valuation:

At 1st July, 1991

51,016

45,324

474,812

32,167

603,319

Additions

48,988

1,062

50,050

Disposals

(12,500)

(777)

(8,462)

(485)

(22,224)

Transfer

(266)

266

At 30th June, 1992

38,516

44,547

515,072

33,010

631,145

Aggregate depreciation:

At 1st July, 1991

Written back on disposal

Charge for the year

Transfer

At 30th June, 1992

Net book value:

At 30th June, 1992

Add: Buses under construction & in transit

at cost

Net book value:

At 30th June, 1991

Add: Buses under construction & in transit

of cost

4,447

311,759

25,231

341,437

(777)

(8,094)

(350)

(9,221)

485

27,707

1,522

29,714

(256)

256

4,155

331,116

26,659

361,930

38,516

40,392

183,956

6,351

269,215

33,494

302,709

51,016

40,877 163,053

6,936

261,882

30,706

292,588

Leasehold land at 30th June, 1992 is held in Hong Kong under long leases and comprises the following:-

The company

At 1962 valuation

At cost

18

The group

1992

1991

1992

1991

$000's

$000's

$000's $000's

4,500

22,800

4,500 17,000

34,016

34,016

34,016

34,016

38,516

56,816 38,516

51,016