Annual Report 2023

233 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 13 Interest in leasehold land and other property, plant and equipment (continued) (a) Reconciliation of carrying amount (continued) Buildings Other properties leased for own use carried at cost Buses and other motor vehicles Buses under construction Tools and others Sub-total Interest in leasehold land Total $’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 18,149,952 112,372 18,262,324 Additions 22,511 5,290 118,161 426,860 361,041 933,863 – 933,863 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 18,598,313 112,372 18,710,685 Accumulated depreciation: At 1 January 2022 1,232,548 13,205 5,881,504 – 3,096,219 10,223,476 61,881 10,285,357 Charge for the year 38,674 4,793 814,740 – 256,507 1,114,714 1,980 1,116,694 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 63,861 10,917,190 Net book value: At 31 December 2022 331,448 7,273 6,266,878 256,014 883,371 7,744,984 48,511 7,793,495 Add: Deposits paid in respect of buses on order 34,263 – 34,263 7,779,247 48,511 7,827,758 (b) Right-of-use assets The analysis of the net book value of right-of-use assets by class of underlying asset is as follows: Note 2023 2022 $’000 $’000 Interest in leasehold land, carried at amortised cost, with remaining lease term between 10 and 50 years (i) 46,531 48,511 Other properties leased for own use, carried at depreciated cost (ii) 4,503 7,273 51,034 55,784