CMB_1998_Copy2 — 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

Additions

209,153

Disposals

655,776 47,170 (26,069) (15,968)

37,737

772,566

362

256,685

(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:

At 30th June, 1998

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

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

25

25

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