11 PROJECTS UNDER DEVELOPMENT
Group
2015
2014
HK$’000
HK$’000
At beginning of the year
2,331,967
1,847,826
Additions
1,252,333
918,932
Transfer to fixed assets (Note 10)
(551,624)
(401,310)
Currency translation di
erences
(66,430)
(33,481)
At end of the year
2,966,246
2,331,967
Projects under development mainly represent the cost of construction of port facilities in the PRC incurred by subsidiary
companies.
12 LEASEHOLD LAND AND LAND USE RIGHTS
Group
2015
2014
HK$’000
HK$’000
Net book value
At beginning of the year
42,554,823
44,579,430
Additions
-
127,394
Disposal of subsidiary companies
-
(869,721)
Disposals
-
(374)
Amortisation
(1,265,546)
(1,270,832)
Currency translation di
erences
(19,447)
(11,074)
At end of the year
41,269,830
42,554,823
Cost
47,294,114
47,319,055
Accumulated amortisation
(6,024,284)
(4,764,232)
41,269,830
42,554,823
13 RAILWAY USAGE RIGHTS
Group
2015
2014
HK$’000
HK$’000
Net book value
At beginning of the year
15,002
15,941
Amortisation
(557)
(568)
Currency translation di
erences
(586)
(371)
At end of the year
13,859
15,002
Cost
16,561
17,575
Accumulated amortisation
(2,702)
(2,573)
13,859
15,002
Notes to the
Financial Statements
091
ANNUAL REPORT 2015
HUTCHISON PORT HOLDINGS TRUST
