Annual Report 2016
157
Financial Section
17 Property, Plant and Equipment
(continued)
Leasehold land
Buildings
Others
Assets under
Total
(note (a))
construction
HK$m
HK$m
HK$m
HK$m
HK$m
Cost
At 1 July 2014
2,955.8
7,776.4
11,918.2
6,475.5
29,125.9
Translation differences
–
(15.1)
(5.8)
(1.8)
(22.7)
Acquisition of a subsidiary
–
12.9
23.9
–
36.8
Additions
10.5
178.5
1,109.9
3,220.2
4,519.1
Transfer between property,
plant and equipment and
investment properties
187.1
318.7
(66.7)
–
439.1
Transfer between property,
plant and equipment,
properties for/under
development and
properties held for sale
–
102.1
–
377.6
479.7
Transfer upon completion
–
3,332.5
89.5
(3,422.0)
–
Disposal of subsidiaries
(656.1)
(614.8)
(1,047.2)
–
(2,318.1)
Disposals
(81.1)
(99.6)
(524.2)
–
(704.9)
Transfer between property,
plant and equipment and
non-current assets
classified as assets held
for sale
–
–
(35.1)
–
(35.1)
At 30 June 2015
2,416.2
10,991.6
11,462.5
6,649.5
31,519.8
Accumulated depreciation
and impairment
At 1 July 2014
522.5
2,344.4
7,968.2
–
10,835.1
Translation differences
–
(5.9)
(5.6)
–
(11.5)
Transfer between property,
plant and equipment and
investment properties
(5.9)
(24.7)
(18.9)
–
(49.5)
Depreciation
46.8
374.1
883.4
–
1,304.3
Impairment
–
408.8
123.2
–
532.0
Disposal of subsidiaries
(242.9)
(391.2)
(421.5)
–
(1,055.6)
Disposals
–
(88.6)
(408.8)
–
(497.4)
Transfer between property,
plant and equipment and
non-current assets
classified as assets held
for sale
–
–
(21.4)
–
(21.4)
At 30 June 2015
320.5
2,616.9
8,098.6
–
11,036.0
Net book value (note (b))
At 30 June 2015
2,095.7
8,374.7
3,363.9
6,649.5
20,483.8
Notes:
(a)
Others mainly represented leasehold improvements for department stores, plant and machinery, motor vehicles, furniture and fixtures,
office equipment and computer.
(b)
As at 30 June 2016, the aggregate net book value of property, plant and equipment pledged as securities for the Group’s borrowings
amounted to HK$5,758.8 million (2015: HK$3,464.8 million).
