ANNUAL%20REPORT%202015%20eng

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Notes to Consolidated Financial Statements 13 PROPERTY, PLANT AND EQUIPMENT, NET (Continued) Note: (a) (b) (c) (d) (e) Majority part of the Group’s property, plant and equipment are located in Mongolia. Mining properties as at 31 December 2015 include stripping activity assets carrying book value of USD225,233,000 (2014: USD223,451,000) and application fee for the mining rights of USD770,000 (2014: USD627,000) in relation to the Group’s mine deposits. The addition of mining properties for the year ended 31 December 2015 include the increase in reclamation provision of USD454,000 (2014: increase in reclamation provision of USD3,467,000) (see Note 28). As at 31 December 2015, certain of the Group’s borrowings were secured by the Group’s coal handling and preparation plant-modules I and II, power plant and water supply infrastructure assets-phase I with net book values of USD91,100,000, USD23,519,000 and USD2,532,000, respectively (31 December 2014: USD105,290,000, USD27,629,000 and USD3,008,000, respectively) (see Note 23). As at 31 December 2015, the Group is in the process of applying for the ownership certificates for certain of its buildings. The aggregate carrying value of such properties of the Group as at 31 December 2015 is approximately USD6,467,000. The Directors are of the opinion that the Group is entitled to lawfully occupy or use of these properties. 14 CONSTRUCTION IN PROGRESS 2015 2014 USD’000 USD’000 At 1 January 58,421 148,371 Additions 184 6,314 Transfer to property, plant and equipment (Note 13) — (86,855) Transfer to intangible assets (Note 16) — (4,909) Disposal (443) — Exchange adjustments (2,998) (4,500) At 31 December 55,164 58,421 The construction in progress is mainly related to water supply facility and other mining related machinery and equipment. Annual Report 2015 157
Notes to Consolidated Financial Statements 15 LEASE PREPAYMENTS 2015 2014 USD’000 USD’000 Cost: At 1 January 83 93 Exchange adjustments (5) (10) At 31 December 78 83 Accumulated amortisation: At 1 January 10 8 Charge for the year 2 1 Exchange adjustments (2) 1 At 31 December 10 10 Net book value: 68 73 Lease prepayments comprise interests in leasehold land held for own use under operating leases located in Mongolia, with original lease period from 15 years to 60 years. 158 Annual Report 2015
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(Incorporated in the Cayman Islands
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Company Profile Mongolian Mining Co
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Corporate Information BOARD OF DIRE
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Directors and Senior Management BOA
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Directors and Senior Management Gan
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Directors and Senior Management Une
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Directors and Senior Management SEN
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Group Structure 14 Annual Report 20
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Chairman’s Statement I believe th
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Management Discussion and Analysis
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Sustainability Report OUR APPROACH
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Sustainability Report Fair operatin
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Sustainability Report Figure 3. HR
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Sustainability Report The Company
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Sustainability Report In September
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Sustainability Report Figure 5. LTI
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Sustainability Report Biodiversity
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Sustainability Report In 2015, appr
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Sustainability Report There are num
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Sustainability Report OUR COMMUNITY
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Sustainability Report We receive gr
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Sustainability Report As part of th
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Sustainability Report Procurement W
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Corporate Governance Report BOARD O
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Corporate Governance Report Continu
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Corporate Governance Report Remuner
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Corporate Governance Report The Cor
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Corporate Governance Report SHAREHO
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Directors’ Report The Directors s
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Directors’ Report Risk Management
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Directors’ Report FINANCIAL STATE
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Directors’ Report DIRECTORS’ SE
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Directors’ Report DIRECTORS’ AN
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Directors’ Report The basis of el
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Directors’ Report Details of the
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Directors’ Report RIGHTS TO PURCH
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Directors’ Report ER pledged its
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Appendix I Criteria Commentary •
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Appendix I Criteria Commentary •
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