NOTES TO THE FINANCIAL STATEMENTS 15. Property, Plant and Equipment (continued) Land and Plant and buildings equipment Total HK$M HK$M HK$M Cost: At 1st January 2022 4,307 1,978 6,285 Translation differences (152) (69) (221) Additions 10 115 125 Disposals – (12) (12) At 31st December 2022 4,165 2,012 6,177 Accumulated depreciation and impairment: At 1st January 2022 1,353 1,551 2,904 Translation differences (61) (51) (112) Charge for the year (note 7) 106 126 232 Disposals – (12) (12) At 31st December 2022 1,398 1,614 3,012 Net book value: At 31st December 2022 2,767 398 3,165 At 31st December 2022 and 2021, none of the Group’s property, plant and equipment was pledged as security for the Group’s long-term loans. Refer to the table with heading “Audited Financial Information” on page 86 for details of the Group’s capitalised interest rates and the amount of interest capitalised. Land and Plant and buildings equipment Total HK$M HK$M HK$M Cost: At 1st January 2021 5,479 1,818 7,297 Translation differences 68 17 85 Additions 9 181 190 Disposals (1,216) (38) (1,254) Net transfers to investment properties (note 16) (49) – (49) Revaluation surplus 16 – 16 At 31st December 2021 4,307 1,978 6,285 Accumulated depreciation and impairment: At 1st January 2021 1,521 1,454 2,975 Translation differences 25 13 38 Charge for the year (note 7) 152 121 273 Disposals (337) (37) (374) Transfers to investment properties (note 16) (8) – (8) At 31st December 2021 1,353 1,551 2,904 Net book value: At 31st December 2021 2,954 427 3,381 156