1988 — Page 22

NOTES ON THE ACCOUNTS (Continued)

9. FIXED ASSETS

Group

Cost or valuation

At 1 January 1988

Additions and transfer

Machinery,

Ferry

furniture

vessels

and other

Investment Leasehold

properties

and other

HK$'000

land Buildings

craft

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

fixed assets

HK$'000

Total

HK$'000

375,300

18,505 76,332

635,857

37,619 1,143,613

from assets under

A1

1,832 53,902

4,618

60,352

કર્મ

construction

56,500

Valuation surplus

56,500

(1,747)

(581)

(572)

(2,900)

Disposals

At 31 December 1988 431,800

18,505 76,417 689,178

41,665 1,257,565

"

T

f

20

Aggregate

depreciation

At 1 January 1988

89

23,034 205,931

19,107

248,161

Written back on

disposals

(1,347)

(293)

(526)

(2,166)

Charge for the year

65 3,976 27,784

3,980

35,805

At 31 December 1988

154 25,663 233,422

22,561

281,800

Net book value

At 31 December 1988

431,800

18,351 50,754 455,756

19,104 975,765

At 31 December 1987

375,300

18,416 53,298 429,926

18,512

895,452