Prepaid Land Lease Payments

12 Months Ended

Dec. 31, 2014

10.

PREPAID LAND LEASE PAYMENTS


	As at December 31,
	2013			2014			2014
	RMB			RMB			US$
Prepaid land lease payments		145,692			52,878			8,522
Less: accumulated amortization		(5,491	)		(1,349	)		(217	)

Net carrying value		140,201			51,529			8,305

Amortization expenses for the years ended December 31, 2012, 2013 and 2014 were RMB1,637, RMB2,801 and RMB3,610 (US$582), respectively.

The estimated annual amortization expenses for the above prepaid land leases for each of the five succeeding years are as follows:


	Amortization
	RMB		US$
2015		1,083		175
2016		1,083		175
2017		1,083		175
2018		1,083		175
2019		1,083		175

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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