Annual Report 2009 - Greentown China Holdings Limited

Notes to the Consolidated Financial Statements
For The Year Ended 31 December 2009
15. PROPERTY, PLANT AND EQUIPMENT
Furniture,
Hotel
buildings
Land
and
buildings
Leasehold
improvements Machinery
fixtures
and
equipment
Transportation
equipment
Construction
in progress
Total
RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000
COST
At 1 January 2008 904,441 70,159 25,661 705 77,360 133,668 40,004 1,251,998
Additions – 72 12,597 1,402 31,249 29,094 222,844 297,258
Transfer 24,847 – – – – – (24,847) –
Transfer to prepaid lease payment (537) – – – – – – (537)
Acquired on acquisition of
subsidiaries (Note 31) – 365 – 137 548 3,190 – 4,240
Disposals – (1,985) (281) (25) (634) (6,175) – (9,100)
Reclassification (4,192) 4,192 – – – – – –
At 31 December 2008 924,559 72,803 37,977 2,219 108,523 159,777 238,001 1,543,859
Additions 31,501 106 10,067 5,596 21,969 25,272 633,113 727,624
Transfer 333,067 – – – – – (333,067) –
Acquired on acquisition of
subsidiaries (Note 31) – – – – 611 4,574 – 5,185
Disposals – (1,693) (2,389) – (2,157) (8,342) – (14,581)
Reclassification – (15) 5 (1,008) (128) 1,146 – –
At 31 December 2009 1,289,127 71,201 45,660 6,807 128,818 182,427 538,047 2,262,087
DEPRECIATION AND
IMPAIRMENT
At 1 January 2008 – (16,133) (10,785) (235) (16,840) (53,161) – (97,154)
Provided for the year (24,882) (2,455) (7,958) (318) (19,128) (19,155) – (73,896)
Impairment loss recognised in
profit or loss (53,000) – – – – – – (53,000)
Eliminated on disposals – 294 11 – 370 1,425 – 2,100
Reclassification – – – – – – – –
At 31 December 2008 (77,882) (18,294) (18,732) (553) (35,598) (70,891) – (221,950)
Provided for the year (28,126) (3,093) (8,709) (138) (20,846) (20,236) – (81,148)
Eliminated on disposals – 379 405 – 366 5,694 – 6,844
Reclassification – 1 (1) 234 (4) (230) – –
At 31 December 2009 (106,008) (21,007) (27,037) (457) (56,082) (85,663) – (296,254)
CARRYING VALUES
At 31 December 2009 1,183,119 50,194 18,623 6,350 72,736 96,764 538,047 1,965,833
At 31 December 2008 846,677 54,509 19,245 1,666 72,925 88,886 238,001 1,321,909
Greentown China Holdings Limited Annual Report 2009 137