Annual Report 2024

227 2024 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 (a) Reconciliation of carrying amount 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 2024 1,643,786 26,085 12,823,556 254,151 4,215,766 18,963,344 112,372 19,075,716 Additions 38,473 6,378 133,821 239,195 379,752 797,619 – 797,619 Lease modification – (94) – – – (94) – (94) Disposals (69,654) (766) (323,764) – (107,377) (501,561) – (501,561) Transfers – – 79,644 (79,644) – – – – At 31 December 2024 1,612,605 31,603 12,713,257 413,702 4,488,141 19,259,308 112,372 19,371,680 Accumulated depreciation: At 1 January 2024 1,308,849 21,582 6,741,905 – 3,130,314 11,202,650 65,841 11,268,491 Charge for the year 72,357 3,606 825,332 – 293,401 1,194,696 1,980 1,196,676 Written back on disposals (69,654) (559) (320,254) – (107,146) (497,613) – (497,613) At 31 December 2024 1,311,552 24,629 7,246,983 – 3,316,569 11,899,733 67,821 11,967,554 Net book value: At 31 December 2024 301,053 6,974 5,466,274 413,702 1,171,572 7,359,575 44,551 7,404,126 Add: Deposits paid in respect of buses on order 2,000 – 2,000 7,361,575 44,551 7,406,126