China Communications Services Corporation Limited Annual Report 2015
130
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
16. PROPERTY, PLANT AND EQUIPMENT, NET
(continued)
Buildings
Building
improvements
Motor
vehicles
Furniture,
fixtures and
other
equipment
Total
RMB’000
RMB’000
RMB’000
RMB’000
RMB’000
Cost:
As at 1 January 2014
3,159,042
466,298
1,593,643
3,400,234
8,619,217
Transfer to investment
properties (note 17)
(35,563)
—
—
—
(35,563)
Transfer from investment
properties (note 17)
52,875
—
—
—
52,875
Transfer from construction
in progress (note 18)
38,406
8,640
2,875
116,564
166,485
Additions
17,444
20,451
144,714
221,369
403,978
Disposals
(1,392)
(6,692)
(97,445)
(165,175)
(270,704)
As at 31 December 2014
3,230,812
488,697
1,643,787
3,572,992
8,936,288
Accumulated depreciation
and impairment losses:
As at 1 January 2014
845,618
291,300
847,347
1,947,999
3,932,264
Transfer to investment
properties (note 17)
(12,024)
—
—
—
(12,024)
Transfer from investment
properties (note 17)
18,113
—
—
—
18,113
Depreciation charge
127,907
51,953
159,983
365,335
705,178
Depreciation written back
on disposals
(1,085)
(5,969)
(87,444)
(150,799)
(245,297)
Impairment loss eliminated
on disposals
—
—
(7)
(783)
(790)
As at 31 December 2014
978,529
337,284
919,879
2,161,752
4,397,444
Net carrying value:
As at 31 December 2014
2,252,283
151,413
723,908
1,411,240
4,538,844
As at 1 January 2014
2,313,424
174,998
746,296
1,452,235
4,686,953
All the Group’s buildings are located in the PRC.
As at 31 December 2015, certain banking facilities and borrowings from banks of the Group were secured by property,
plant and equipment with carrying amount of RMB334 million (2014: RMB356 million).
Up to the date of issue of these consolidated financial statements, the Group is still in the process of applying for or
changing registration of the title certificates of certain of its properties with an aggregate carrying amount of approximately
RMB372 million as at 31 December 2015 (2014: RMB397 million). The directors of the Company are of the opinion that
the Group is entitled to lawfully and validly occupy or use the above mentioned properties.
