Annual Report 2021

198 Transport International Holdings Limited 2021 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 (a) Reconciliation of carrying amount 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 1 January 2021 1,561,570 13,939 12,050,514 567,507 3,470,737 17,664,267 3,007,436 182,560 115,513 20,969,776 Additions 18,589 6,042 104,363 617,247 457,481 1,203,722 839,188 3,517 – 2,046,427 Disposals – – (665,048) – (52,989) (718,037) – – – (718,037) Transfers – – 731,018 (731,018) – – – 3,141 (3,141) – At 31 December 2021 1,580,159 19,981 12,220,847 453,736 3,875,229 18,149,952 3,846,624 189,218 112,372 22,298,166 Accumulated depreciation: At 1 January 2021 1,195,305 8,539 5,781,305 – 2,943,353 9,928,502 2,020 84,685 62,195 10,077,402 Charge for the year 37,243 4,666 762,537 – 205,311 1,009,757 – 6,807 2,012 1,018,576 Written back on disposals – – (662,338) – (52,445) (714,783) – – – (714,783) Transfers – – – – – – – 2,326 (2,326) – At 31 December 2021 1,232,548 13,205 5,881,504 – 3,096,219 10,223,476 2,020 93,818 61,881 10,381,195 Net book value: At 31 December 2021 347,611 6,776 6,339,343 453,736 779,010 7,926,476 3,844,604 95,400 50,491 11,916,971 Add: Deposits paid in respect of buses on order 59,130 – – – 59,130 7,985,606 3,844,604 95,400 50,491 11,976,101