CHINA ERATAT SPORTS FASHION LIMITED ANNuAL REPORT ...
CHINA ERATAT SPORTS FASHION LIMITED ANNuAL REPORT ...
CHINA ERATAT SPORTS FASHION LIMITED ANNuAL REPORT ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
12 Land Use Rights<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FINANCIAL YEAR ENDED 31 MARCH 2010<br />
Group<br />
2010 2009<br />
RMB’000 RMB’000<br />
Cost<br />
Balance at 1 April and 31 March 25,875 25,875<br />
Accumulated amortisation<br />
Balance at 1 April 2,898 2,381<br />
Charge for the year 518 517<br />
Balance at 31 March 3,416 2,898<br />
Net book value<br />
At 31 March 22,459 22,977<br />
The prepaid lease premiums represent medium-term land use rights for the plots of land situated in the PRC. Amortisation is<br />
provided to write off the prepaid lease premiums over 50 years.<br />
13 Prepaid Land Lease<br />
China Eratat Sports Fashion Limited • Annual Report FY2010 47<br />
Group<br />
2010 2009<br />
RMB’000 RMB’000<br />
Cost<br />
Balance at 1 April 960 -<br />
Addition - 960<br />
Balance at 31 March 960 960<br />
Accumulated amortisation<br />
Balance at 1 April 128 -<br />
Charge for the year 192 128<br />
Balance at 31 March 320 128<br />
Net book value<br />
At 31 March 640 832<br />
Represented by:<br />
Non-current 448 640<br />
Current 192 192<br />
640 832<br />
The prepaid land lease payments represent a lump-sum prepayment of 5-year rental expense for a plot of land situated in the<br />
PRC. Amortisation is provided to write off the prepaid land lease payments over the 5 years.
Change language