China XLX Fertiliser Ltd

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