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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
20 Lease prepayments
The Group
2011
2010
RMB’000
RMB’000
(Restated)
Cost or deemed cost:
As at 1 January as previously reported
513,915
514,226
Change in accounting policy (note 3)
500,312
501,146
As at 1 January, as restated
1,014,227
1,015,372
Additions
39,714
–
Disposals
–
(1,835)
Transfer from investment properties (note 18)
–
690
As at 31 December, as restated
1,053,941
1,014,227
Accumulated depreciation:
As at 1 January
43,780
32,539
Change in accounting policy (note 3)
45,563
34,449
As at 1 January, as restated
89,343
66,988
Amortisation charge
28,939
22,390
Written back on disposal
–
(90)
Transfer from investment properties (note 18)
–
55
As at 31 December, as restated
118,282
89,343
Net carrying value:
As at 31 December, as restated
935,659
924,884
As at 1 January, as restated
924,884
948,384
Lease prepayments represent payments for land use rights paid to the PRC authorities. The Group’s lease
prepayments are located in the PRC and are with remaining terms ranging from 16 to 68 years as at 31
December 2011.
21 Goodwill
2011
2010
RMB’000
RMB’000
Cost and carrying amount
103,005
103,005
2011
2010
RMB’000
RMB’000
Impairment tests for cash-generating units containing goodwill
China International Telecommunications Construction Corporation
(“CITCC”)
103,005
103,005