CMB_2001 — Page 27

Notes on The Accounts (Continued)

9.

FIXED ASSETS

Property

Plant,

Leasehold

land Buildings properties $000's $000's $000's

Investment

held for redevelopment

Motor

fixtures and

buses

equipment

$000's

$000's

$000's

Total

$000's

(a) The group

Cost or valuation:

At 1st July, 2000

12,995 10,247

884,949

11,595

6,974

926,760

Additions Disposals

158,231

71,590

918

368

231,107

(3,948)

(175)

(4,123)

Revaluation deficits

(13,791)

(13,791)

At 30th June, 2001

12,995

10,247 1,029,389

71,590

8,565 7,167

1,139,953

Representing:

Cost

1962 valuation

11,695 1,300

10,247

71,590

8,565

7,167

109,264

1,300

2001 valuation

1,029,389

1,029,389

12,995

10,247 1,029,389 71,590

8,565

7,167

1,139,953

Aggregate depreciation:

At 1st July, 2000

Charge for the year

1,443 109

4,555

5,966

11,964

840

382

1,331

Written back on disposals

(955)

(175)

(1,130)

At 30th June, 2001

1,552

4,440

6,173

12,165

Net book value:

At 30th June, 2001

12,995

8,695 1,029,389

71,590

4,125

994

1,127,788

At 30th June, 2000

12,995

8,804 884,949

7,040

1,008

914,796

Tenure of title to properties:

2001

Held in Hong Kong

- Long leases

8,156

- Medium term leases

5,911 4,839 2,784

301,000 220,300

71,590

12,995 8,695

521,300 71,590

Held outside Hong Kong - Freehold

508,089

12,995

8,695 1,029,389

71,590

386,657

227,923

614,580

508,089

1,122,669

2000

Held in Hong Kong

- Long leases

8,156

- Medium term leases

264,000 5,960 4,839 2,844 245,700

12,995

8,804 509,700

Held outside Hong Kong

Freehold

375,249

12,995

8,804

884,949

25

1

T

1

278,116

253,383

531,499

375,249

906,748