Annual Report - QuamIR
Annual Report - QuamIR
Annual Report - QuamIR
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Notes to the Consolidated Financial Statements (Continued)<br />
<br />
17 Prepaid land lease payments<br />
The Group’s interest in leasehold land and land use rights representing<br />
prepaid operating lease payments and their net carrying values is<br />
analysed as follows:<br />
17 <br />
<br />
<br />
Group<br />
<br />
2011 2011 2010 2010<br />
<br />
HK$ Million HK$ Million HK$ Million HK$ Million<br />
<br />
At 1 January 3,283.6 3,324.5<br />
Currency translation differences 138.2 137.6<br />
Additions 2.9 1.5<br />
Transfer from deposit paid – 1.9<br />
Transfer to properties held for sale<br />
(Note 28)<br />
<br />
28 – (79.4)<br />
Transfer from / (to) investment<br />
properties<br />
<br />
9.9 –<br />
Disposals – (32.8)<br />
Amortisation<br />
<br />
– Capitalised in properties under <br />
development<br />
(26.6) (28.9)<br />
– Charged to income statement<br />
(Note 8)<br />
<br />
8 (38.0) (64.6) (40.8) (69.7)<br />
At 31 December 3,370.0 3,283.6<br />
In Mainland China, held on: <br />
Leases of over 50 years 50 1,334.5 1,299.9<br />
Leases of between 10 to 50 years 1050 2,035.5 1,983.7<br />
3,370.0 3,283.6<br />
Certain bank borrowings are secured by the Group’s prepaid land<br />
lease payments with carrying values of HK$1,133.4 million (2010:<br />
HK$1,113.9 million) (Note 36).<br />
1,133,400,000<br />
1,113,900,000<br />
36<br />
•<br />
141
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