CMB_1998 — Page 30

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

655,776

37,737

772,566

Additions

209,153

47,170

362

256,685

Disposals

(26,069)

(15,968)

(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:

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

At 30th June, 1998

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

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