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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
18 Investment properties
The Group
2011
2010
RMB’000
RMB’000
(Restated)
Cost or deemed cost:
As at 1 January as previously reported
873,600
832,547
Change in accounting policy (note 3)
53,127
53,127
As at 1 January, as restated
926,727
885,674
Transfer from property, plant and equipment (note 17)
55,628
77,876
Transfer to property, plant and equipment (note 17)
(15,397)
(30,251)
Transfer to lease prepayments (note 20)
–
(690)
Additions
9,518
1,079
Disposals
–
(6,961)
As at 31 December, as restated
976,476
926,727
Accumulated depreciation:
As at 1 January as previously reported
177,584
146,588
Change in accounting policy (note 3)
16,652
10,761
As at 1 January, as restated
194,236
157,349
Transfer from property, plant and equipment (note 17)
19,073
11,014
Transfer to property, plant and equipment (note 17)
(4,747)
(10,566)
Transfer to lease prepayments (note 20)
–
(55)
Depreciation charge
38,869
37,195
Disposals
–
(701)
As at 31 December, as restated
247,431
194,236
Net carrying value:
As at 31 December, as restated
729,045
732,491
As at 1 January, as restated
732,491
728,325
Fair value
1,200,048
878,684
All the Group’s investment properties are located in the PRC with medium-term leases.