Annual Report 2023

149 ANNUAL REPORT 2023 16. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Notes: (a) Others comprise vessels and ships, motor vehicles and leasehold improvements with net book values of HK$677 million (2022: HK$729 million), HK$61 million (2022: HK$65 million) and HK$202 million (2022: HK$190 million) respectively as at 31 December 2023. (b) Depreciation charged for the year are included in the consolidated statement of profit or loss as follows: 2023 2022 HK$’million HK$’million Cost of sales 1,368 1,504 Administrative expenses 50 62 1,418 1,566 17. RIGHT-OF-USE ASSETS Harbour Plant, Leasehold works, machinery, Land land and buildings furniture and use rights buildings and dockyard equipment Others Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million As at 31 December 2023 Carrying amount 8,208 141 6,233 — 816 15,398 As at 31 December 2022 Carrying amount 9,726 122 6,276 1 610 16,735 For the year ended 31 December 2023 Depreciation charge 245 20 195 1 34 495 For the year ended 31 December 2022 Depreciation charge 276 11 201 2 32 522 2023 2022 HK$’million HK$’million Expenses relating to short-term leases 58 62 Total cash outflow for the leases 254 176 Additions to right-of-use assets 527 515