Annual Report 2021

199 2021 Annual Report Transport International Holdings Limited 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 1 January 2020 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 Additions 13,041 2,997 35,186 1,063,564 265,610 1,380,398 473,820 941 – 1,855,159 Disposals (820) – (669,068) – (44,406) (714,294) – – – (714,294) Disposals through disposal of a subsidiary (note 35) – – – – – – – (31,030) – (31,030) Transfers – – 582,594 (582,594) – – – – – – At 31 December 2020 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 Accumulated depreciation: At 1 January 2020 1,154,648 3,997 5,721,790 – 2,777,050 9,657,485 2,020 107,655 60,183 9,827,343 Charge for the year 41,477 4,542 728,545 – 210,421 984,985 – 6,216 2,012 993,213 Written back on disposals (820) – (669,030) – (44,118) (713,968) – – – (713,968) Written back on disposals through disposal of a subsidiary (note 35) – – – – – – – (29,186) – (29,186) At 31 December 2020 1,195,305 8,539 5,781,305 – 2,943,353 9,928,502 2,020 84,685 62,195 10,077,402 Net book value: At 31 December 2020 366,265 5,400 6,269,209 567,507 527,384 7,735,765 3,005,416 97,875 53,318 10,892,374 Add: Deposits paid in respect of buses on order 61,247 – – – 61,247 7,797,012 3,005,416 97,875 53,318 10,953,621 (b) Right-of-use assets The analysis of the net book value of right-of-use assets by class of underlying asset is as follows: 2021 2020 Note $’000 $’000 Interest in leasehold land, carried at amortised cost, with remaining lease term between 10 and 50 years (i) 50,491 53,318 Other properties leased for own use, carried at depreciated cost (ii) 6,776 5,400 57,267 58,718 Investment property under development with remaining lease term between 10 and 50 years 2,153,903 2,153,903 2,211,170 2,212,621