2016 — Page 107

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

13 INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND

LEASEHOLD LAND (Continued)

Ferry

vessels Machinery,

Buildings

HK$'000

and other

crafts

HK$'000

furniture

Investment

Interest in

leasehold

and others Sub-total properties HK$'000 HK$'000 HK$'000

land

HK$'000

Total

HK$'000

Cost or valuation:

At 1 January 2016

Additions

Cost adjustment (note)

Disposals

Reduction through disposal of

subsidiaries

(1,773)

Valuation gains

71,649

118,077 280,840

470,566

2,001,100

159,407

2,631,073

3,327

547

3,874

3,874

(8,258)

(8,258)

(261)

(261)

(1,492)

(1,753)

(4,065)

(5,838)

(5,838)

-

59,305

59,305

At 31 December 2016

73,203

118,077

277,061

468,341 2,050,655 159,407

2,678,403

Representing:

Cost

Valuation

Accumulated amortisation

73,203

118,077

277,061

468,341

159,407 627,748

2,050,655

2,050,655

73,203 118,077

277,061

468,341 2,050,655

159,407

2,678,403

and depreciation:

At 1 January 2016

Charge for the year

61,459

1,247

115,759

231,941

409,159

546

4,091

5,884

116,269

1,369

525,428

7,253

Written back on disposals

(260)

(260)

(260)

Written back through disposal

of subsidiaries

(1,765)

(3,634)

(5,399)

(5,399)

At 31 December 2016

60,941

116,305

232,138

409,384

117,638

527,022

Net book value:

At 31 December 2016

Note:

12,262

1,772

44,923

58,957 2,050,655

41,769 2,151,381

Cost adjustment represents the revision of the original construction cost of the properties completed in prior years, confirmed by the surveyor during the years ended 31 December 2015 and 2016.

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2016 105