CMB_1996_Copy2 — Page 28

Notes on The Accounts (Continued)

8.

FIXED ASSETS

Plant,

Leasehold

Motor

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, 1995

33,606

42,919

611,495

35,990

724,010

Additions

3,446

1,214

4,660

Transfer (out)/in

(593)

593

Disposals

(22,307)

(535)

(22,842)

At 30th June, 1996

33,606

42,919

592,041

37,262

705,828

Aggregate depreciation:

At 1st July, 1995

Transfer (out)/in

Charge for the

year

Written back on disposal

At 30th June, 1996

5,309

376,332

31,572

413,213

(579)

579

478

28,301

1,176

29,955

(21,323)

(514)

(21,837)

5,787

382,731

32,813

421,331

Net book value:

At 30th June, 1996

Add: Buses under construction & in transit

Net book value:

At 30th June, 1995

Add: Buses under construction & in transit

-

at cost

Ja

at cost

33,606

37,132

209,310

4,449

284,497

46,381

330,878

33,606

37,610

235,163

4,418

310,797

Leasehold land at 30th June, 1996 is held in Hong Kong under long leases and comprises the following:-

At 1962 valuation

At cost

24

24

310,797

Group and Company

1996

1995

$000's

$000's

1,300

1,300

32,306

32,306

33,606

33,606