1996 — Page 127

9

FIXED ASSETS (continued)

(b) The Company

Buses and other motor

Leasehold land

Buildings

vehicles

Others

HK$'000

HK$'000

HK$'000

HK$'000

Total

HK$'000

Cost or valuation:

At 1 January 1996

132,909

648,062

3,498,768

290,965 4,570,704

Additions

47,086

524,035

47,315

618,436

Disposals

(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

1,627,905

232,303

234,617 2,109,468 34,052 293,004

Written back on

disposals

(88,078)

(1,763) (89,841)

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

536,734

45

3,322,468

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

54

309,977

5,619

2,776,832