1992 — Page 49

NOTES ON THE ACCOUNTS

7. EARNINGS PER SHARE

Earnings per share is based on earnings of HK$330,488,000(1991- HK$298,315,000) and 403,639,413 shares in issue during the year.

8. FIXED ASSETS

Leasehold

land Buildings

HK$'000

Buses and

other motor

vehicles

HK$'000 HK$'000 HK$'000

Others

Total

HK$'000

a.

Cost or valuation :

At 1st January, 1992

140,965

581,218

2,215,509

206,760 3,144,452

Additions

20,320

251,240

20,836

292,396

Disposals

(2,039)

(12,610)

(423)

(15,072)

At 31st December, 1992

140,965

599,499

2,454,139

227,173 3,421,776

Aggregate depreciation :

At 1st January, 1992

26,690

Charge for the year

Written back on disposals

165,622 1,086,290 16,345 133,562 (2,039) (12,605)

146,591 1,425,193

21,757 171,664

(308) (14,952)

At 31st December, 1992

26,690

179,928

1,207,247

168,040 1,581,905

Net book value :

At 31st December, 1992

114,275

419,571 1,246,892

59,133 1,839,871

Add Buses under construction

at cost

Deposits paid in respect of

buses on order

207,119

2,480 2,049,470

Net book value :

At 31st December, 1991

114,275

415,596 1,129,219

60,169 1,719,259

Add: Buses under construction

at cost

178,094

Deposits paid in respect of

buses on order

b. All the Company's leasehold land is held in Hong Kong and on long leases.

5,563

1,902,916

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