China XLX Fertiliser Ltd

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NOTES TO THE FINANCIAL STATEMENTS31 December 200812. Property, plant and equipment (cont’d)31 December 2008 BuildingsOtherfixtures andconstructionsPlant andmachineryOfficeequipmentand furnitureMotorvehiclesConstructionin-progressTotalRmb’000 Rmb’000 Rmb’000 Rmb’000 Rmb’000 Rmb’000 Rmb’000GroupCostAt 1 January 2008 84,010 94,997 863,752 28,952 6,000 71,603 1,149,314Additions 2,776 701 26,097 4,064 2,497 687,171 723,306Transfers 574 3,570 3,739 – – (7,883) –Disposals (221) (324) (7,109) (6) (319) – (7,979)At 31 December 2008 87,139 98,944 886,479 33,010 8,178 750,891 1,864,641AccumulateddepreciationAt 1 January 2008 553 7,503 159,515 6,777 700 – 175,048Depreciation charge forthe year 4,514 7,918 61,672 3,098 1,263 – 78,465Disposals (13) (278) (4,444) (6) (142) – (4,883)At 31 December 2008 5,054 15,143 216,743 9,869 1,821 – 248,630Net carrying amountAt 31 December 2008 82,085 83,801 669,736 23,141 6,357 750,891 1,616,011Annual Report 200868
NOTES TO THE FINANCIAL STATEMENTS31 December 200813. Land use rightsCostGroupRmb’000At 1 January 2007 –Additions 48,691At 31 December 2007 and 1 January 2008 48,691Additions 27,111At 31 December 2008 75,802Accumulated amortisationAt 1 January 2007 –Amortisation charge for the year 217At 31 December 2007 and 1 January 2008 217Amortisation charge for the year 1,388At 31 December 2008 1,605Net carrying amountAt 31 December 2007 48,474At 31 December 2008 74,197Amount to be amortised:- Not later than one year 1,570- Later than one year but not later than five years 4,710- Later than five years 67,917The Group has land use rights over five (2007: four) plots of state-owned land in the People’s Republic ofChina (“PRC”) where the Group’s PRC manufacturing and storage facilities reside. The land use rights have aweighted average remaining tenure of 48 years (2007: 48 years).China XLX Fertiliser Ltd.69
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China XLXFertiliser Ltd.annual repo
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ChinaXLXFertiliser Ltd.ureacompound
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will still remain a necessity with
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Agriculture forms thefoundation of
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OUR PRODUCTSFruits ofour LaborAll o
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Compound fertilisers can be categor
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Financial SnapshotRMB Million FY 20
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OUR DISTRIBUTION NETWORK13
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Third plant near completion with 40
Page 19 and 20: Social ResponsibilityTesting of soi
Page 21 and 22: Sewage treatment 污水处理FGD
Page 23 and 24: 2003 with a Degree in Accountancy.
Page 25: Corporate InformationBoard of Direc
Page 28 and 29: CORPORATE GOVERNANCE REPORTThe foll
Page 30 and 31: CORPORATE GOVERNANCE REPORTThe Arti
Page 32 and 33: CORPORATE GOVERNANCE REPORTThe Exec
Page 34 and 35: CORPORATE GOVERNANCE REPORTThe Audi
Page 36 and 37: CORPORATE GOVERNANCE REPORTDealing
Page 38 and 39: DIRECTORS’ REPORTBy virtue of Sec
Page 40 and 41: STATEMENT BY DIRECTORSWe, Liu Xingx
Page 42 and 43: INDEPENDENT AUDITORS’ REPORTTo th
Page 44 and 45: BALANCE SHEETSas at 31 December 200
Page 46 and 47: STATEMENTS OF CHANGES IN EQUITYfor
Page 48 and 49: CONSOLIDATED CASH FLOW STATEMENTfor
Page 50 and 51: NOTES TO THE FINANCIAL STATEMENTS31
Page 90 and 91: STATISTICS OF SHAREHOLDINGSas at 17
Page 92 and 93: NOTICE OF ANNUAL GENERAL MEETINGNOT
Page 94 and 95: NOTICE OF ANNUAL GENERAL MEETINGExp
Page 96 and 97: Notes:1. A member shall not be enti
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China XLX Fertiliser Ltd

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