Page 157 - URA Annual Report 2021-22

(expressed in Hong Kong Dollars)
8. Property, plant and equipment (Continued)
(a) Reconciliation of carrying amount (Continued)
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.
(b) Right-of-use assets
The analysis of the net book value of right-of-use assets by class of underlying asset is as follows:
31 March 2022
$’000 with remaining lease term less of 5 years 58,474
31 March 2021
$’000
87,118
2021 $’000
26,568
1,441 702
Properties leased for own use, carried at depreciated cost,
The analysis of expense items in relation to leases recognised in profit or loss is as follows:
Net depreciation charge of right-of-use assets by class of underlying asset:
- Properties leased for own use
Interest on lease liabilities (Note 6(a)) Expense relating to short-term leases
2022 $’000
24,393
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