Annual Report 2022

203 2022 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 (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 2022 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 Additions 22,511 5,290 118,161 426,860 361,041 933,863 620,595 1,223 – 1,555,681 Disposals – – (433,278) – (52,224) (485,502) – – – (485,502) Transfers – – 624,582 (624,582) – – – – – – At 31 December 2022 1,602,670 25,271 12,530,312 256,014 4,184,046 18,598,313 4,467,219 190,441 112,372 23,368,345 Accumulated depreciation: At 1 January 2022 1,232,548 13,205 5,881,504 – 3,096,219 10,223,476 2,020 93,818 61,881 10,381,195 Charge for the year 38,674 4,793 814,740 – 256,507 1,114,714 – 6,774 1,980 1,123,468 Written back on disposals – – (432,810) – (52,051) (484,861) – – – (484,861) At 31 December 2022 1,271,222 17,998 6,263,434 – 3,300,675 10,853,329 2,020 100,592 63,861 11,019,802 Net book value: At 31 December 2022 331,448 7,273 6,266,878 256,014 883,371 7,744,984 4,465,199 89,849 48,511 12,348,543 Add: Deposits paid in respect of buses on order 34,263 – – – 34,263 7,779,247 4,465,199 89,849 48,511 12,382,806