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ANNUAL REPORT 2014
61
Notes to the Financial Statements Statement of
Financial Position
10. Fixed assets
Aircraft and
related equipment Other equipment Buildings
Owned
HK$M
Leased
HK$M
Owned
HK$M
Leased
HK$M
Owned
HK$M
Under
construction
HK$M
Total
HK$M
Group
Cost
At 1st January 2014 80,124 58,056 3,852 478 11,431 298 154,239
Exchange differences (1) – 3 – – – 2
Additions 13,148 – 351 – 318 162 13,979
Disposals (7,252) – (124) – (2) – (7,378)
Reclassification to assets
 held for sale (3,888) – – – – – (3,888)
Transfers 6,159 (6,159) – – – – –
At 31st December 2014 88,290 51,897 4,082 478 11,747 460 156,954
At 1st January 2013 70,743 56,592 3,613 478 5,513 5,432 142,371
Exchange differences (6) – – – – 3 (3)
Additions 14,011 4,836 384 – 467 305 20,003
Disposals (6,962) – (136) – – – (7,098)
Reclassification to assets
 held for sale (1,034) – – – – – (1,034)
Transfers 3,372 (3,372) (9) – 5,451 (5,442) –
At 31st December 2013 80,124 58,056 3,852 478 11,431 298 154,239
Accumulated depreciation
 and impairment
At 1st January 2014 38,494 14,897 2,475 399 3,039 – 59,304
Exchange differences – – 2 – – – 2
Charge for the year 4,816 2,429 284 13 474 – 8,016
Disposals (5,614) – (123) – (2) – (5,739)
Impairment 428 171 – – – – 599
Reclassification to assets
 held for sale (3,699) – – – – – (3,699)
Transfers 3,992 (3,992) – – – – –
At 31st December 2014 38,417 13,505 2,638 412 3,511 – 58,483
At 1st January 2013 37,878 14,911 2,334 383 2,587 – 58,093
Charge for the year 3,891 2,509 274 16 452 – 7,142
Disposals (5,085) – (133) – – – (5,218)
Impairment 210 – – – – – 210
Reclassification to assets
 held for sale (923) – – – – – (923)
Transfers 2,523 (2,523) – – – – –
At 31st December 2013 38,494 14,897 2,475 399 3,039 – 59,304
Net book value
At 31st December 2014 49,873 38,392 1,444 66 8,236 460 98,471
At 31st December 2013 41,630 43,159 1,377 79 8,392 298 94,935