Annual Report 2019

ANNUAL REPORT 2019 217 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 March 2019 16. PROPERTY, PLANT AND EQUIPMENT Properties Leasehold improvements, furniture, fixtures and equipment Total Completed Under development HK$’000 HK$’000 HK$’000 HK$’000 COST At 1 April 2017 7,021,928 706,643 1,331,419 9,059,990 Additions 268,887 128,344 94,991 492,222 Transfer from investment properties 198,360 – – 198,360 Transfer upon completion of development 601,565 (601,565) – – Transfer to investment properties (39,107) – – (39,107) Disposals (5,413) – (23,130) (28,543) Exchange alignment 350,762 49,993 76,313 477,068 At 31 March 2018 8,396,982 283,415 1,479,593 10,159,990 Additions 95,651 1,035,512 62,971 1,194,134 Acquired on acquisition of subsidiaries 525,934 – – 525,934 Transfer from properties under development – 446,557 – 446,557 Disposals – – (4,517) (4,517) Exchange alignment (189,341) (59,244) (58,447) (307,032) At 31 March 2019 8,829,226 1,706,240 1,479,600 12,015,066 DEPRECIATION AND IMPAIRMENT At 1 April 2017 1,042,331 – 536,089 1,578,420 Provided for the year 202,151 – 143,605 345,756 Transfer to investment properties (38,420) – – (38,420) Disposals – – (19,371) (19,371) Exchange alignment 80,805 – 37,796 118,601 At 31 March 2018 1,286,867 – 698,119 1,984,986 Provided for the year 219,581 – 177,730 397,311 Disposals – – (4,315) (4,315) Exchange alignment (25,638) – (27,367) (53,005) At 31 March 2019 1,480,810 – 844,167 2,324,977 CARRYING VALUES At 31 March 2019 7,348,416 1,706,240 635,433 9,690,089 At 31 March 2018 7,110,115 283,415 781,474 8,175,004