1996 — Page 139

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4

Development Fund

Balance at 1 January

Transfer (to)/from profit and loss account

Interest at 8% per annum on the average balance of the

Development Fund

Balance at 31 December

The Permitted Return

Note

1996

HK$'m

1995

HK$'m

2.0

(1.8)

1.9

lc(i)

0.1

12

0.1

0.3

2.0

Buses and

Leasehold

Other Motor

land

Buildings

Vehicles

Others

Total

HK$'m

HK$'m

HK$'m

HK$'m

HK$'m

Cost or Valuation:

At 1 January 1996

132.9

648.1 3,498.7

291.0

4,570.7

Additions

47.0

524.0

47.4

618.4

Disposals

(88.7)

(2.1)

(90.8)

At 31 December 1996

132.9

695.1

3,934.0

336.3

5,098.3

Aggregate Amortisation and

Depreciation:

At 1 January 1996

22.5

224.4

1,627.9

234.6

2,109.4

Charge for the year

2.1

24.5

232.3

34.1

293.0

Written back on disposals

(88.1)

(1.7)

(89.8)

At 31 December 1996

24.6

248.9

1,772.1

267.0

2,312.6

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