New World Development Company Limited
156
Financial Section
17 Property, Plant and Equipment
Leasehold land
Buildings
Others
Assets under
Total
(note (a))
construction
HK$m
HK$m
HK$m
HK$m
HK$m
Cost
At 1 July 2015
2,416.2
10,991.6
11,462.5
6,649.5
31,519.8
Translation differences
–
(337.3)
(302.7)
(192.3)
(832.3)
Acquisition of subsidiaries
–
–
39.0
–
39.0
Additions
19.0
96.4
802.6
4,321.0
5,239.0
Transfer between property,
plant and equipment
and investment properties
–
744.4
(17.7)
–
726.7
Transfer between property,
plant and equipment,
properties for/under
development and
properties held for sale
–
27.5
–
284.5
312.0
Transfer upon completion
52.1
200.8
57.8
(310.7)
–
Disposal of subsidiaries
(12.7)
(694.5)
(4,161.2)
(251.3)
(5,119.7)
Disposals
(5.3)
(38.3)
(216.0)
–
(259.6)
Transfer between property,
plant and equipment and
non-current assets
classified as assets held
for sale (note 35)
(89.5)
(69.3)
–
–
(158.8)
At 30 June 2016
2,379.8
10,921.3
7,664.3
10,500.7
31,466.1
Accumulated depreciation
and impairment
At 1 July 2015
320.5
2,616.9
8,098.6
–
11,036.0
Translation differences
–
(79.4)
(164.6)
–
(244.0)
Transfer between property,
plant and equipment and
investment properties
–
(17.9)
(3.0)
–
(20.9)
Depreciation
22.8
339.9
617.0
–
979.7
(Written back of provision)/
impairment
(213.4)
(353.9)
30.1
–
(537.2)
Disposal of subsidiaries
(4.7)
(35.1)
(3,347.9)
–
(3,387.7)
Disposals
(0.9)
(14.7)
(174.6)
–
(190.2)
Transfer between property,
plant and equipment and
non-current assets
classified as assets held
for sale (note 35)
(21.1)
(21.0)
–
–
(42.1)
At 30 June 2016
103.2
2,434.8
5,055.6
–
7,593.6
Net book value (note (b))
At 30 June 2016
2,276.6
8,486.5
2,608.7
10,500.7
23,872.5
