XML 34 R16.htm IDEA: XBRL DOCUMENT v3.21.1
PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2020
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

11.           PROPERTY, PLANT AND EQUIPMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Plant and

    

Motor

    

Office

    

 

 

 

Buildings

 

machinery

 

vehicles

 

equipment

 

Total

 

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

Cost

 

  

 

  

 

  

 

  

 

  

At January 1, 2019

 

349,630

 

746,042

 

4,225

 

1,886

 

1,101,783

Additions

 

 —

 

 —

 

 —

 

 —

 

 —

Disposals

 

 —

 

 —

 

 —

 

 —

 

 —

At December 31, 2019

 

349,630

 

746,042

 

4,225

 

1,886

 

1,101,783

Additions

 

 —

 

 —

 

 —

 

46

 

 —

Disposals

 

 —

 

 —

 

 —

 

 —

 

 —

At December 31, 2020

 

349,630

 

746,042

 

4,225

 

1,932

 

1,101,783

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation

 

  

 

  

 

  

 

  

 

  

At January 1, 2019

 

49,297

 

349,382

 

3,748

 

1,536

 

403,963

Depreciation charge

 

 —

 

 —

 

 —

 

11

 

11

At December 31, 2019

 

49,297

 

349,382

 

3,748

 

1,547

 

403,974

Depreciation charge

 

 —

 

 —

 

 —

 

12

 

12

At December 31, 2020

 

49,297

 

349,382

 

3,748

 

1,559

 

403,986

 

 

 

 

 

 

 

 

 

 

 

Impairment

 

  

 

  

 

  

 

  

 

  

At January1, 2019

 

300,333

 

396,660

 

477

 

304

 

697,774

Impairment losses recognized in profit or loss

 

 —

 

 —

 

 —

 

 —

 

 —

At December 31, 2019

 

300,333

 

396,660

 

477

 

304

 

697,774

Impairment losses recognized in profit or loss

 

 —

 

 —

 

 —

 

 —

 

 —

At December 31, 2020

 

300,333

 

396,660

 

477

 

304

 

697,774

 

 

 

 

 

 

 

 

 

 

 

Carrying amount

 

  

 

  

 

  

 

  

 

  

At December 31, 2019

 

 —

 

 —

 

 —

 

35

 

35

At December 31, 2020

 

 —

 

 —

 

 —

 

68

 

68

 

All property, plant and equipment held by the Company are located in the PRC. The Company’s buildings are situated on land under medium-term land use rights.

For the buildings owned collectively by the Company and other three unrelated companies, the cost of buildings are stated according to the amounts paid by the Company for its part of buildings, which represent the Company’s interests in the buildings. Buildings are depreciated over their expected useful lives of 40 years. These buildings’ cost was RMB 2,913,000, and accumulated depreciation of RMB 1,226,000 and RMB 1,226,000 as of December 31, 2020 and 2019, respectively, and an impairment allocation of RMB 1,687,000 and RMB 1,687,000 as of December 31, 2020 and 2019, respectively. No property, plant and equipment was pledged to secure the Company interest-bearing bank borrowings at December 31, 2020 and 2019.

At the end of the reporting period, the Company assessed the recoverable amount of property, plant and equipment, and determined that carrying amount was RMB nil (2019: RMB nil).

Loss (gain) on disposal of property, plant and equipment in 2020, 2019 and 2018 was nil,  nil, and   nil.