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121 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 8. Property, plant and equipment Other property, plant and equipment Furniture and equipment Retained* Preservation Land and Leasehold Plant and and motor properties properties buildings improvements machinery vehicles Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 At 31 March 2016 Cost – 1,284,919 661,588 68,438 52,146 27,026 2,094,117 Accumulated depreciation – (114,489) (300,565) (45,228) (43,832) (20,490) (524,604) Accumulated impairment – (199,111) – – – – (199,111) Net book value – 971,319 361,023 23,210 8,314 6,536 1,370,402 Year ended 31 March 2017 Opening net book value – 971,319 361,023 23,210 8,314 6,536 1,370,402 Additions – 4,545 – 8,168 1,409 2,073 16,195 Transfer from properties under development 958,881 136,139 – – – – 1,095,020 Disposals – – – (1,582) (768) (129) (2,479) Depreciation (625) (23,281) (10,220) (4,936) (2,507) (3,136) (44,705) Write back of provision for impairment – 53,396 – – – – 53,396 Closing net book value 958,256 1,142,118 350,803 24,860 6,448 5,344 2,487,829 At 31 March 2017 Cost 958,881 1,552,003 661,588 73,849 52,216 28,247 3,326,784 Accumulated depreciation (625) (137,770) (310,785) (48,989) (45,768) (22,903) (566,840) Accumulated impairment – (272,115) – – – – (272,115) Net book value 958,256 1,142,118 350,803 24,860 6,448 5,344 2,487,829 Year ended 31 March 2018 Opening net book value 958,256 1,142,118 350,803 24,860 6,448 5,344 2,487,829 Additions – 270 – 34,993 13,856 7,414 56,533 Disposals – – – – – (5) (5) Depreciation (8,082) (25,116) (10,220) (6,370) (2,980) (3,360) (56,128) Write back of provision /  (provision) for impairment – 16,684 (1,217) – – – 15,467 Closing net book value 950,174 1,133,956 339,366 53,483 17,324 9,393 2,503,696 At 31 March 2018 Cost 958,881 1,552,273 661,588 95,380 60,831 34,013 3,362,966 Accumulated depreciation (8,707) (162,886) (321,005) (41,897) (43,507) (24,620) (602,622) Accumulated impairment – (255,431) (1,217) – – – (256,648) Net book value 950,174 1,133,956 339,366 53,483 17,324 9,393 2,503,696 The Group’s land and buildings comprise mainly rehousing blocks held for the purpose of rehousing affected tenants of development projects and commercial premises held for self-use. * The Group receives rental income for the retained properties and their fair value as at 31 March 2018 was $1,987,500,000 (31 March 2017: $1,986,500,000).

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