Annual Report 2021

148 Notes to the Financial Statements Annual Report 2021 Miramar Hotel and Investment Company, Limited 10 Investment properties, other property, plant and equipment (Continued) (a) Reconciliation of carrying amount (continued) Other property, plant and equipment Investment properties Hotel Land and buildings^ Other properties leased for own use carried at cost Others* Sub-total Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 Cost or valuation: At 1 January 2020 15,371,179 140,221 60,732 205,274 1,506,661 1,912,888 17,284,067 Additions 6,957 – 1,304 2,130 29,220 32,654 39,611 Disposals – – – (16,114) (10,170) (26,284) (26,284) Exchange adjustments 46,700 – 1,859 – 1,476 3,335 50,035 Deficit on revaluation (152,016) – – – – – (152,016) Reclassification 20,874 – – – (20,874) (20,874) – At 31 December 2020 15,293,694 140,221 63,895 191,290 1,506,313 1,901,719 17,195,413 Representing: Cost – 140,221 63,895 191,290 1,506,313 1,901,719 1,901,719 Valuation–2020 15,293,694 – – – – – 15,293,694 15,293,694 140,221 63,895 191,290 1,506,313 1,901,719 17,195,413 Accumulated depreciation: At 1 January 2020 – 103,233 5,407 57,707 1,386,802 1,553,149 1,553,149 Charge for the year – 1,917 53 50,257 37,579 89,806 89,806 Impairment loss – – – 30,984 3,253 34,237 34,237 Written back on disposals – – – (11,592) (9,966) (21,558) (21,558) Exchange adjustments – – – – 1,258 1,258 1,258 At 31 December 2020 – 105,150 5,460 127,356 1,418,926 1,656,892 1,656,892 Carrying amount: At 31 December 2020 15,293,694 35,071 58,435 63,934 87,387 244,827 15,538,521 * Others mainly comprise machinery, furniture, fixtures and equipment. ^ Land and buildings comprise leasehold land, freehold land and buildings held for own use.