1993 — Page 34

1.

賬項附註

Notes on the Accounts

主要會計政策(續) (d)酒店物業

酒店物業以市值列入資產負債表內,重估值溢 價餘入其他物業重估儲備,重估後虧損則在前 估值儲備中撇銷及虧損餘額在損益表內撇銷, 本集團之方針為保持酒店物業之現有狀況,使 其價值得以保持,故對於剩餘年期長過二十年 的酒店物業並無作出折舊準備,而每年所花費 於保持物業現狀之費用將包括在損益表內,故 並無重大折舊。根據未來五年之預算維修工程 成本,其準備金將計入每年之損益表內。

(e)折舊

固定資產折舊乃按下列年率在估計可用年期 內以直線法撇銷其成本:

1.

PRINCIPAL ACCOUNTING POLICIES ( continued) (d) Hotel properties

Hotel properties are stated in the balance sheet at their open market value. Surpluses arising on revaluations are credited to the other property revaluation reserve; deficits arising on revaluation are firstly set off against any previous

revaluation surpluses and thereafter taken to the profit and loss account. No depreciation is provided on hotel properties held on leases of more than 20 years. It is the group's policy to maintain the hotel properties in such condition that their value is not diminished by the passage of time and the related expenditure is charged to the profit and loss account in the year in which it is incurred so that any element of depreciation would be immaterial. An annual provision based on the projected maintenance cost for the next five years under the planned maintenance scheme is charged to the profit and loss account.

(e) Depreciation

Depreciation is provided at rates calculated to write off the cost of fixed assets over their estimated useful lives on a straight line basis at the following annual rates:-

and short term leases

Buildings

長期租約的土地

不予分期攤銷

Land held on long leases

中期及短期租約的土地

以所餘年期攤銷

Land held on medium

樓宇

2.5%或以所餘年期攤銷

船舶

3.33%12.5%

機器、傢俬及其他

固定資產

10%€25%

(f) 存貨及進行中工程

存貨及進行中工程乃以成本及可變現淨值兩者 中較低者入賬。進行中工程成本包括物料、直 接工資及其他開支,加上間接生產費用的適當 部份,扣除已知的虧損及應收的工程造價。工 程所賺的利潤,祇於工程完成時才入賬。

(g)投資

長期投資成本列賬,並根據董事會對其價值 所估計之永久性減值作出準備。

Ferry vessels and

other crafts

Machinery, furniture and

other fixed assets

(f) Stocks and work in progress

Nil

Over the unexpired terms

of the leases

2.5% or over the unexpired

terms of the leases 3.33% -12.5%

10% -25%

Stocks and work in progress are valued at the lower of cost and net realisable value. In respect of work in progress, cost includes cost of purchase of materials, direct labour and expenses and an appropriate proportion of production overheads, less any foreseeable losses and progress payments receivable to date. No profit is taken until the work is fully completed.

(g) Investments

Investments held on a long-term basis are stated at cost.

Provision is made for any permanent diminution in value which is estimated by the directors.

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