CMB_1994 — Page 23

Notes on The Accounts (Continued)

FIXED ASSETS (Continued)

Company

Leasehold

Motor

Plant, fixtures and

land

Buildings

buses

equipment

Total

$000's

$000's

$000's

$000's

$000's

Cost or valuation:

At 1st July, 1993

38,516

44,547

544,031

34,817

661,911

Additions

44,490

1,008

45,498

Revaluation surplus

87,569

87,569

Disposals

(92,479)

(2,099)

(7,195)

(535)

(102,308)

At 30th June, 1994

33,606

42,448

581,326

35,290

692,670

Aggregate depreciation:

At 1st July, 1993

Written back on disposal

Charge for the year

At 30th June, 1994

4,631

352,092

28,060

384,783

(271)

(6,865)

(333)

(7,469)

471

27,033

2,378

29,882

4,831

372,260

30,105

407,196

Net book value:

At 30th June, 1994

Add: Buses under construction & in transit

H

at cost

Net book value:

At 30th June, 1993

Add: Buses under construction & in transit

at cost

33,606

37,617

209,066

5,185

285,474

33,512

318,986

38,516

39,916

191,939

6,757

277,128

43,044

320,172

Leasehold land at 30th June, 1994 is held in Hong Kong under long leases and comprises the following:-

The company

At 1962 valuation

At 1993/94 valuation

At cost

19

The group

1994

1993

1994

1993

$000's

$000's

$000's $000's

1,300 89,279

4,500

1,300

4,500

32,306 34,016 32,306 34,016

122,885 38,516

33,606

38,516