Annual Report - QuamIR

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Notes to the Consolidated Financial Statements (Continued) 18 Property, plant and equipment (Continued) In 2010, depreciation expenses for property, plant and equipment of HK$0.2 million had been capitalised in properties under development and included as part of the additions. Depreciation expenses of HK$97.7 million (2010: HK$70.9 million) have been charged in operating profit/(loss) (Note 8). 18 200,000 97,700,00070,900,000 8 Certain bank borrowings are secured by certain of the Group’s properties, plant and equipment with carrying values of HK$1,077.3 million (2010: HK$1,038.9 million) (Note 36). 1,077,300,000 1,038,900,000 36 The Group’s interests in land and buildings at their carrying values and the lease terms are analysed as follows: 2011 2010 HK$ Million HK$ Million In Hong Kong, held on: Leases of between 10 to 50 years 1050 86.3 88.9 In Mainland China, held on: Leases of between 10 to 50 years 1050 43.6 98.3 Leases less than 10 years 10 55.4 – 185.3 187.2 144 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
Notes to the Consolidated Financial Statements (Continued) 19 Intangible assets 19 Group Goodwill Concession rights – toll road Other intangible assets Total HK$ Million HK$ Million HK$ Million HK$ Million At 1 January 2010 Cost 409.5 1,603.1 53.1 2,065.7 Accumulated amortisation and impairment (375.7) (454.9) (43.5) (874.1) Net book amount 33.8 1,148.2 9.6 1,191.6 Year ended 31 December 2010 Opening net book amount 33.8 1,148.2 9.6 1,191.6 Currency translation differences – 48.1 – 48.1 Costs adjustments – (30.3) – (30.3) Amortisation (Note 8) 8 – (6.3) (1.2) (7.5) Impairment losses (Note 7) 7 (33.8) – (4.5) (38.3) Closing net book amount – 1,159.7 3.9 1,163.6 At 31 December 2010 Cost 409.5 1,640.1 53.1 2,102.7 Accumulated amortisation and impairment (409.5) (480.4) (49.2) (939.1) Net book amount – 1,159.7 3.9 1,163.6 Year ended 31 December 2011 Opening net book amount – 1,159.7 3.9 1,163.6 Currency translation differences – 49.2 – 49.2 Additions – 1.2 0.2 1.4 Amortisation (Note 8) 8 – (7.7) (0.4) (8.1) Closing net book amount – 1,202.4 3.7 1,206.1 At 31 December 2011 Cost 409.5 1,711.2 54.1 2,174.8 Accumulated amortisation and impairment (409.5) (508.8) (50.4) (968.7) Net book amount – 1,202.4 3.7 1,206.1 • 145
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HKC (HOLDINGS) LIMITED (incorporat
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Contents 2 Corporate Information
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Corporate Information (Continued)
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Chairman’s Statement (Continued)
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Chairman’s Statement (Continued)
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Management Discussion and Analysis
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Corporate Governance Report (Contin
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Directors and Senior Management (Co
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Report of the Directors (Continued)
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Independent Auditor’s Report (Con
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Consolidated Statement of Comprehen
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Consolidated Balance Sheet (Continu
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Consolidated Statement of Changes i
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Consolidated Statement of Changes i
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Notes to the Consolidated Financial
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Schedule of Principal Properties (C
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HKC (HOLDINGS) LIMITED 9/F., Tower
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Annual Report - QuamIR

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