1994 — Page 57

Notes on the Accounts

10. FIXED ASSETS

Leasehold

Buses and

other motor

land Buildings

vehicles Others

Total

HK$'000

HK$'000

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

હું

a.

Cost or valuation :

At 1 January 1994

140,965

Additions

648,546

16,045

Disposals

(8,056)

(43,417)

At 31 December 1994

132,909

621,174

3,080,284

2,695,876 244,701 3,730,088

408,850 26,215 451,110

(24,442) (988) (76,903)

269,928 4,104,295

Aggregate depreciation :

At 1 January 1994

26,690

200,944

1,324,946

Charge for the year

20,035

Written back on disposals (6,269)

(20,034)

190,300 1,742,880

178,684 23,900 222,619

(23,101)

At 31 December 1994

20,421

200,945

1,480,529

(740) (50,144)

213,460 1,915,355

Net book value :

At 31 December 1994

112,488 420,229

1,599,755

56,468 2,188,940

Add: Buses under construction - at cost

Add: Deposits paid in respect of buses on order

287,185

2,800

2,478,925

Net book value :

At 31 December 1993 114,275 447,602

1,370,930

54,401 1,987,208

Add: Buses under construction - at cost

Deposits paid in respect of buses on order

246,219

7,710

2,241,137

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

The Kowloon Motor Bus Company (1933) Limited

55