1996 — Page 126

9

FIXED ASSETS

(a) The Group

Leasehold

Buses and

other motor

land Buildings HK$'000 HK$'000

vehicles

HK$'000

Others

HK$'000 - HK$'000

Total

Cost or valuation:

At 1 January 1996

132,909

648,062 3,498,768

290,965 4,570,704

Additions

Disposals

47,086 524,035 47,315 618,436

(88,757) (2,063) (90,820)

At 31 December 1996

132,909

695,148 3,934,046 336,217 5,098,320

Aggregate amortisation and

depreciation:

At 1 January 1996

Charge for the year

22,563 2,143

224,383

24,506

Written back on disposals

1,627,905

232,303 34,052 293,004

(88,078) (1,763) (89,841)

234,617 2,109,468

At 31 December 1996

24,706

248,889

1,772,130

266,906 2,312,631

Net book value:

At 31 December 1996

108,203

446,259 2,161,916

69,311 2,785,689

Add: Buses under construction at cost

Deposits paid in respect of buses on order

555,921

45

3,341,655

Net book value:

At 31 December 1995

110,346

423,679

1,870,863

56,348

2,461,236

Add: Buses under construction at cost

Deposits paid in respect of buses on order

53

309,977

5,619

2,776,832