2015 — Page 98

96

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

12 INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND

LEASEHOLD LAND (Continued)

Buildings

HK$'000

Ferry vessels

and other

crafts

HK$'000

Machinery,

furniture

and others

HK$'000

Investment

Sub-total properties

HK$'000 HK$'000

Interest in

leasehold

land

Total

HK$'000

HK$'000

Cost or valuation:

At 1 January 2015

Additions

71,647

2

118,077

280,344

670

470,068

672

1,880,200

159,407

2,509,675

672

Transfer from inventories

Cost adjustment (note)

107,050

(1,777)

107,050

(1,777)

Disposals

Valuation gains

At 31 December 2015

71,649

118,077

280,840

470,566 2,001,100

159,407 2,631,073

(174)

(174)

(174)

15,627

15,627

Representing:

Cost

Valuation

Accumulated amortisation

71,649 118,077

280,840

470,566

2,001,100

159,407 629,973

2,001,100

71,649 118,077

280,840

470,566 2,001,100

159,407

2,631,073

and depreciation:

At 1 January 2015

Charge for the year

60,230

1,229

115,373

386

227,834

403,437

4,278

5,893

114,900

1,369

518,337

7,262

Written back on disposals

(171)

(171)

(171)

At 31 December 2015

61,459

115,759

231,941

409,159

116,269

525,428

Net book value:

At 31 December 2015

Note:

10,190

2,318

48,899

61,407 2,001,100

43,138 2,105,645

Cost adjustment represents the revision of the original construction cost of the properties completed in prior years, confirmed by the surveyor during the year ended 31 December 2015.

Hong Kong Ferry (Holdings) Company Limited Annual Report 2015