1994 — Page 28

帳項附註

Notes on the Accounts

1 主要會計政策(續)

(d) 酒店物業

酒店物業以公開市值列入資產負債表內,因 重估而產生的盈餘已撥入其他物業重估儲 備,因重估而產生的赤字則先從過往的重 盈餘中扣除,餘數則計入損益表內。重估盈 餘或赤字在出售有關物業時在損益表內處 理。本集團的方針為保持酒店物業的現有狀 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的費用將包括在 損益表內,故並無重大折舊。根據未來五年 的預算維修工程成本,其準備金將計入每年 的損益表內。

(e) 折舊

固定資產(投資物業、待發展物業及酒店物 業除外)的折舊乃按下列年率在估計可用年 期內以直線法撤銷其成本:一

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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. Revaluation surpluses or deficits are dealt with in the profit and loss account on disposal of the relevant property. 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 other than investment properties, properties held for development and hotel properties over their estimated useful lives on a straight line basis at the following annual rates:-

Land held on long term

leases

Land held on medium

and short term leases

長期租約的土地

不予分期攤銷

中期及短期租約的土地以租約所餘年期攤

銷

樓宇

10%或以租約所餘

年期攤銷

Buildings

小輪及其他船舶

3.33%至12.5%

Ferry vessels and other

crafts

機器、傢俬及其他

固定資產

10%至25%

(f) 存貨及在製品

存貨及在製品乃以成本及可變現淨值兩者中 較低者入帳。在製品成本包括物料、直接工 資及開支,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帳。

(g) 投資

長期投資以成本列帳,並根據董事會對其價 值所估計之永久性減值作出準備。

Nil

Over the unexpired terms

of the leases

10% or over the unexpired

terms of the leases 3.33% 12.5%

Machinery, furniture and 10%-25%

other fixed assets

(f) Stocks and work in progress

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

cost.

Investments held on a long-term basis are stated at Provision is made for any permanent diminution in value which is estimated by the directors.

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