Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 142 Notes to the Consolidated Financial Statements For the year ended 31 December 2021 16. 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 2021 As at 1 January 2021 1,068 15,990 4,925 1,003 3,523 26,509 Exchange adjustments 29 253 16 10 42 350 Additions 2 59 217 39 1,083 1,400 Deemed disposal of a subsidiary — — (8) (2) — (10) Disposals — (9) (14) (2) — (25) Transfers 61 1,559 1,303 50 (2,973) — Transfers from investment properties 281 — — — — 281 Transfers to investment properties (13) — — — — (13) Transfers to right-of-use assets — — — — (135) (135) Depreciation (Note (c)) (56) (753) (619) (83) — (1,511) As at 31 December 2021 1,372 17,099 5,820 1,015 1,540 26,846 As at 31 December 2021 Cost 1,884 24,475 13,510 1,698 1,540 43,107 Accumulated depreciation and impairment (512) (7,376) (7,690) (683) — (16,261) Net book value 1,372 17,099 5,820 1,015 1,540 26,846 Year ended 31 December 2020 As at 1 January 2020 871 12,734 4,398 1,023 4,844 23,870 Exchange adjustments 42 94 93 9 105 343 Additions 1 116 92 22 1,291 1,522 Obtaining control of a non-wholly owned subsidiary 208 2,123 428 4 26 2,789 Disposals (5) (220) (35) (1) — (261) Transfers (8) 1,878 397 20 (2,287) — Transfers from/(to) right-of-use assets — — 116 10 (456) (330) Transfers to non-current assets held for sale — (128) — — — (128) Depreciation (Note (c)) (41) (607) (564) (84) — (1,296) As at 31 December 2020 1,068 15,990 4,925 1,003 3,523 26,509 As at 31 December 2020 Cost 1,524 22,517 12,018 1,621 3,523 41,203 Accumulated depreciation and impairment (456) (6,527) (7,093) (618) — (14,694) Net book value 1,068 15,990 4,925 1,003 3,523 26,509