2018E — Page 130

128

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

11

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

Ferry vessels

Buildings

HK$'000

and other

crafts

HK$'000

Machinery, furniture

and others

HK$'000

Interest in

Investment

leasehold

HK$'000

Sub-total properties HK$'000

land

HK$'000

Total

HK$'000

Cost or valuation:

At 1 January 2017

73,203

Additions

501

118,077 1,037

277,061 1,304

468,341

2,842

2,050,655

159,407 2,678,403

2,842

Cost adjustment (note)

(24)

(24)

Disposals

(203)

(203)

(203)

Valuation gains

56,954

56,954

At 31 December 2017

73,704

119,114

278,162

470,980 2,107,585

159,407

2,737,972

Representing:

Cost

Valuation

73,704

119,114

278,162

470,980

159,407

2,107,585

630,387 2,107,585

73,704

119,114

278,162

470,980 2,107,585

159,407

2,737,972

Accumulated amortisation

and depreciation:

At 1 January 2017

60,941

Charge for the year

1,023

116,305

681

232,138

409,384

Written back on disposals

3,972

(203)

5,676

117,638 1,369

527,022

7,045

(203)

(203)

At 31 December 2017

61,964

116,986

235,907

414,857

119,007

533,864

Net book value:

At 31 December 2017

11,740

2,128

42,255

56,123 2,107,585

40,400 2,204,108

Note: 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 2017.

Hong Kong Ferry (Holdings) Company Limited Annual Report 2018

Page 130Page 131