Annual Report 2019

186 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Notes to the Consolidated Financial Statements For the year ended 31 December 2019 17. PROPERTY, PLANT AND EQUIPMENT Harbour Plant, works, machinery, Leasehold buildings furniture Assets land and and and under buildings dockyard equipment Others construction Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million (Note (b)) (Note (a)) Year ended 31 December 2019 As at 31 December 2018 1,066 16,800 4,317 953 6,076 29,212 Adjustments upon application of HKFRS 16 (note 2.1) (145) (5,876) (151) (12) — (6,184) As at 1 January 2019 (restated) 921 10,924 4,166 941 6,076 23,028 Exchange adjustments (15) (298) (82) (12) 112 (295) Additions 2 268 137 30 2,138 2,575 Disposals (2) (126) (10) (5) (38) (181) Transfers 2 2,616 677 149 (3,444) — Transfers from other non-current assets — — 60 — — 60 Transfers to non-current assets held for sale — (74) — — — (74) Depreciation (Note (c)) (37) (576) (550) (80) — (1,243) As at 31 December 2019 871 12,734 4,398 1,023 4,844 23,870 As at 31 December 2019 Cost 1,238 17,800 9,645 1,517 4,844 35,044 Accumulated depreciation and impairment (367) (5,066) (5,247) (494) — (11,174) Net book value 871 12,734 4,398 1,023 4,844 23,870 Year ended 31 December 2018 As at 1 January 2018 1,187 21,109 4,949 941 2,694 30,880 Exchange adjustments (34) (460) (178) (16) (298) (986) Additions 2 52 51 76 2,214 2,395 Acquisition of subsidiaries (note 40) 8 1,325 490 53 577 2,453 Disposals — (35) (38) (48) — (121) Disposal of subsidiaries (note 39) (74) (2,917) (731) (147) (81) (3,950) Transfers 25 (1,565) 391 179 970 — Transfer to non-current assets held for sale — (25) — — — (25) Depreciation (Note (c)) (48) (684) (617) (85) — (1,434) As at 31 December 2018 1,066 16,800 4,317 953 6,076 29,212 As at 31 December 2018 Cost 1,412 21,786 9,372 1,483 6,076 40,129 Accumulated depreciation and impairment (346) (4,986) (5,055) (530) — (10,917) Net book value 1,066 16,800 4,317 953 6,076 29,212