2017E — Page 119

13

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND LEASEHOLD LAND

Ferry vessels

and other

Buildings

crafts

Machinery,

furniture

and others

Interest in

Investment

leasehold

Sub-total

properties

land

Total

HK$'000

HK$'000

HK$'000

HK$'000

HK$'000

·HK$'000

HK$'000

Cost or valuation:

At 1 January 2016

71,649

118,077

280,840

470,566

2,001,100

159,407

2,631,073

Additions

3,327

547

3,874

3,874

Cost adjustment (note)

(8,258)

(8,258)

Disposals

(261)

(261)

(1,492)

(1,753)

Reduction through

disposal of subsidiaries

(1,773)

(4,065)

(5,838)

(5,838)

Valuation gains

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

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

Accumulated amortisation

and depreciation:

At 1 January 2016

61,459

115,759

231,941

409,159

116,269

525,428

Charge for the year

1,247

546

4,091

5,884

1,369

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

12,262

1,772

44,923

58,957 2,050,655

41,769

2,151,381

117

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2017