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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
1
/ China Communications Services Corporation Limited
17 Property, plant and equipment, net
(continued)
The Company
Furniture,
fixtures and
other
equipment
RMB’000
Cost:
As at 1 January 2010
4,970
Additions
196
Transfer from construction in progress (note 19)
142
As at 31 December 2010
5,308
Accumulated depreciation:
As at 1 January 2010
161
Charge for the year
957
As at 31 December 2010
1,118
Net carrying value:
As at 31 December 2010
4,190
Cost:
As at 1 January 2011
5,308
Additions
1,959
Transfer from construction in progress (note 19)
7,126
As at 31 December 2011
14,393
Accumulated depreciation:
As at 1 January 2011
1,118
Charge for the year
1,642
As at 31 December 2011
2,760
Net carrying value:
As at 31 December 2011
11,633
As at 31 December 2010
4,190
As at 1 January 2010
4,809
(a)
All the Group’s buildings are located in the PRC.
(b)
As at 31 December 2011, certain banking facilities of the Group were secured by property, plant and
equipment with carrying amount of RMB6 million (2010: RMB7 million).
(c)
Up to the date of issue of these financial statements, the Group is still in the process of applying for
or changing registration of the title certificates of certain of its properties with an aggregate carrying
value of approximately RMB275 million as at 31 December 2011 (2010: RMB270 million). The directors
of the Company are of the opinion that the Group is entitled to lawfully and validly occupy or use the
above mentioned properties.