Page 146 - URA Annual Report 2020-21

NOTES TO THE FINANCIAL STATEMENTS
(expressed in Hong Kong Dollars)
8.
Property, plant and equipment (a) Reconciliation of carrying amount
Other property,
Leasehold improvements
$’000
136,846 (49,492) -
87,354
87,354
- 32,470
- (10,016)
-
109,808
169,316 (59,508) -
109,808
109,808 58,688
- (12,643)
-
155,853
228,004 (72,151) -
plant and equipment
At 31 March 2019
Cost
Accumulated depreciation Accumulated impairment
Net book value
Year ended 31 March 2020
Opening net book value Impact on initial application of
Retained properties*
$’000
960,170 (29,961) -
930,209
930,209
Preservation properties
$’000
1,556,152 (188,786) (213,560)
1,153,806
1,153,806
- 5,875
698,170 (37,117)
(149,100)
1,671,634
2,733,897 (225,903) (836,360)
1,671,634
1,671,634 (3,660)
301,847 (37,815)
(110,904)
1,821,102
Land and buildings
$’000
661,588 (331,195) (1,597)
328,796
328,796
- -
974,904 (10,879)
96,483
1,389,304
1,993,892 (342,074) (262,514)
1,389,304
1,389,304 -
79,150 (13,244)
(54,540)
1,400,670
2,073,042 (355,318) (317,054)
1,400,670
Plant and machinery
$’000
62,630 (46,832) -
15,798
15,798
- 17,006
- (4,966)
-
27,838
79,636 (51,798) -
27,838
27,838 -
- (6,066)
-
21,772
79,636 (57,864) -
Furniture and equipment and motor
vehicles $’000
18,766 (12,071) -
6,695
6,695
- 7,246
- (3,740)
-
10,201
22,706 (12,505) -
10,201
10,201 3,180
- (5,132)
-
8,249
25,525 (17,276) -
Properties leased for own use
$’000
- - -
-
-
111,277 29,731
- (45,205)
-
95,803
141,008 (45,205) -
95,803
95,803 40,234
- (48,919)
-
87,118
156,724 (69,606) -
Total $’000
3,396,152 (658,337) (215,157)
2,522,658
2,522,658
111,277 94,152
1,960,860 (138,774)
(52,617)
4,497,556
6,390,235 (793,805) (1,098,874)
4,497,556
4,497,556 98,534
1,096,588 (161,594)
(165,444)
5,365,640
7,794,478 (930,520) (1,498,318)
HKFRS 16
Additions 1,824 Transfer from properties under
development 287,786 Depreciation (26,851) Write back of/(provision for)
impairment
Closing net book value
At 31 March 2020
Cost
Accumulated depreciation Accumulated impairment
Net book value
Year ended 31 March 2021
Opening net book value Additions / Adjustments (Note) Transfer from properties under
development Depreciation
Write back of /(provision for)
impairment
Closing net book value
At 31 March 2021
Cost
Accumulated depreciation Accumulated impairment
Net book value
-
1,192,968
1,249,780 (56,812) -
1,192,968
1,192,968 92
715,591 (37,775)
-
1,870,876
1,965,463 (94,587)
-
3,266,084 (263,718) - (1,181,264)
1,870,876 1,821,102
155,853 21,772 8,249 87,118 5,365,640
142
URA ANNUAL REPORT 2020-21
* The Group receives rental income for the retained properties and their fair value as at 31 March 2021 was $2,999,625,000 (31 March 2020: $2,281,000,000).
Note: Adjustments represent the changes in estimated resumption and construction costs of properties and leasehold improvements.