Annual Report 2019

186 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 13 Investment properties, investment property under development, interest in leasehold land and other property, plant and equipment (continued) (a) Reconciliation of carrying amount (continued) Buildings Other properties leased for own use carried at cost Buses and other motor vehicles Buses under construction Tools and others Sub-total Investment property under development Investment properties Interest in leasehold land Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Cost: At 31 December 2018 1,527,876 – 11,945,456 67,668 3,063,345 16,604,345 2,303,080 210,267 115,513 19,233,205 Impact on initial application of HKFRS 16 (Note) – 6,952 – – – 6,952 – – – 6,952 At 1 January 2019 1,527,876 6,952 11,945,456 67,668 3,063,345 16,611,297 2,303,080 210,267 115,513 19,240,157 Additions 21,473 3,990 46,148 623,464 275,084 970,159 230,536 2,382 – 1,203,077 Disposals – – (494,397) – (88,896) (583,293) – – – (583,293) Transfers – – 604,595 (604,595) – – – – – – At 31 December 2019 1,549,349 10,942 12,101,802 86,537 3,249,533 16,998,163 2,533,616 212,649 115,513 19,859,941 Accumulated depreciation and amortisation: At 1 January 2019 1,119,407 – 5,514,643 – 2,646,175 9,280,225 2,020 101,562 58,171 9,441,978 Charge for the year 35,241 3,997 699,770 – 219,494 958,502 – 6,093 2,012 966,607 Written back on disposals – – (492,623) – (88,619) (581,242) – – – (581,242) At 31 December 2019 1,154,648 3,997 5,721,790 – 2,777,050 9,657,485 2,020 107,655 60,183 9,827,343 Net book value: At 31 December 2019 394,701 6,945 6,380,012 86,537 472,483 7,340,678 2,531,596 104,994 55,330 10,032,598 Add: Deposits paid in respect of buses on order 121,769 – – – 121,769 7,462,447 2,531,596 104,994 55,330 10,154,367 Note: The Group has initially applied HKFRS 16 using the modified retrospective method and adjusted the opening balances at 1 January 2019 to recognise right-of-use assets relating to leases which were previously classified as operating leases under HKAS 17. See note 1(c).