XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.4.0.3

14B. Long Term Borrowing | 12 Months Ended
--- | ---
Dec. 31, 2015
ZHEJIANG TIANLAN |
Long Term Borrowing |
|  | 2015 |  |  | 2014 |
|  | RMB’000 |  |  | RMB’000 |
Loan borrowed by the Company |  |  | 170,732 |  |  |  | - |
(i) | On May 15, 2015, the Company signed a sales and lease back agreement with lessor A with total principal of RMB 66,700,000 and repayable within 5 years. The bank loan is denominated in Renminbi. The bank loan borrowed by the Company as of December 31, 2015 is bear interest at fixed rates 5.27% per annum and is secured by the Company’s machinery A. Interest paid during the year ended December 31, 2015 was approximately RMB 1,719,000 and was incurred in “Cost of revenue” in the Group’s consolidated statements of income.
(ii) | On December 9, 2015, the Company signed a sales and lease back agreement with lessor B with total principal of RMB 87,560,000 and repayable within 5 years. The bank loan is denominated in Renminbi. During the year, the Company received partial amount of RMB 55,232,000. The bank loan borrowed by the Company as of December 31, 2015 is bear interest at fixed rates 4.83% per annum and are secured by the Company’s machinery B and its related franchise, income and account receivables . There is no interest paid during the year ended December 31, 2015.

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_SubsidiaryIssuerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |