CMB_1993 — Page 21

Notes on The Accounts (Continued)

9. FIXED ASSETS

Leasehold

Motor

Plant, 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, 1992

38,516

44,547

515,072

33,010

631,145

Additions

34,444

2,108

36,552

Disposals

(5,485)

(301)

(5,786)

At 30th June, 1993

38,516

44,547

544,031

34,817

661,911

Aggregate depreciation:

At 1st July, 1992

Written back on disposal

Charge for the year

At 30th June, 1993

4,155

331,116

26,659

361,930

(5,275)

(195)

(5,470)

476

26,251

1,596

28,323

4,631

352,092

28,060

384,783

Net book value:

At 30th June, 1993

Add: Buses under construction & in transit at cost

38,516

39,916

191,939

6,757

277,128

43,044

320,172

Net book value:

At 30th June, 1992

38,516

40,392 183,956

6,351

269,215

Add: Buses under construction & in transit at cost

33,494

302,709

Leasehold land at 30th June, 1993 is held in Hong Kong under long leases and comprises the following:-

At 1962 valuation

At cost

Group and company

1993

1992

$000's

$000's

4,500

4,500

34,016

34,016

38,516

38,516

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