NewWorld Development Company Limited
FINANCIAL SECTION
164
17 PROPERTY, PLANT AND EQUIPMENT
(continued)
Leasehold
land
Buildings
Others
(note (a))
Assets under
construction
Total
HK$m
HK$m
HK$m
HK$m
HK$m
Cost
At 1 July 2013
2,956.9
7,600.4
10,714.5
4,254.5
25,526.3
Translation differences
–
(55.4)
(53.4)
(19.1)
(127.9)
Acquisition of subsidiaries
–
145.6
43.1
–
188.7
Additions
–
49.0
1,168.8
3,250.7
4,468.5
Transfer between property, plant
and equipment and investment
properties
–
(27.2)
(7.2)
(86.2)
(120.6)
Transfer between property, plant and
equipment and land use rights
–
(194.4)
–
(27.4)
(221.8)
Transfer between property, plant and
equipment, properties for/under
development and properties held
for sale
–
184.9
–
–
184.9
Transfer upon completion
–
419.9
477.1
(897.0)
–
Disposal of subsidiaries
–
(78.8)
(42.4)
–
(121.2)
Disposals
(1.1)
(267.6)
(382.3)
–
(651.0)
At 30 June 2014
2,955.8
7,776.4
11,918.2
6,475.5
29,125.9
Accumulated depreciation and
impairment
At 1 July 2013
483.6
2,301.3
7,418.5
–
10,203.4
Translation differences
–
(16.1)
(38.2)
–
(54.3)
Transfer between property, plant
and equipment and investment
properties
–
(2.0)
(1.9)
–
(3.9)
Depreciation
39.3
309.9
993.7
–
1,342.9
Impairment
–
–
4.1
–
4.1
Disposal of subsidiaries
–
(43.3)
(41.7)
–
(85.0)
Disposals
(0.4)
(205.4)
(366.3)
–
(572.1)
At 30 June 2014
522.5
2,344.4
7,968.2
–
10,835.1
Net book value (note (b))
At 30 June 2014
2,433.3
5,432.0
3,950.0
6,475.5
18,290.8
Notes:
(a) Others mainly represented leasehold improvements for department stores, plant and machinery, motor vehicles, furniture
and fixtures, office equipment, computer and telecommunication equipment and systems.
(b) As at 30 June 2015, the aggregate net book value of property, plant and equipment pledged as securities for the Group’s
borrowings amounted to HK$3,464.8 million (2014: HK$3,558.1 million) (note 39).
