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Land use right, net
 12 Months Ended
Dec. 31, 2017
ZHEJIANG TIANLAN  
Land use right, net
 

 

2017

 

 

2016

 

 

 

RMB’000

 

 

RMB’000

 

Land use right   7,361    7,361 
Less: Accumulated amortisation   (1,763)   (1,614)
    5,598    5,747 

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

Amortisation expense   149    149    149 

 

At December 31, 2017, the land use right pledged as security for the Company’s bank loans and third party’s loans amounted to approximately RMB1,645,000 (2016: RMB1,691,000).

 

 The following table represents the total estimated amortization of land use right, net for the five succeeding fiscal years to December 31, 2017:

 

    Estimated
    Amortization
For the Twelve Months Ending December 31, Expenses
    RMB '0000
2018   149
2019   149
2020   149
2021   149
2022   149
Thereafter   4,853
    5,598

 

 
ZHEJIANG JIAHUAN  
Land use right, net
 

 

2017

 

 

2016

 

 

 

RMB’000

 

 

RMB’000

 

Land use right   7,987    7,987 
Less: Accumulated amortisation   (1,862)   (1,699)
    6,125    6,288 

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

Amortisation expense   163    163    163 

 

Land use right, net with a carrying amount of approximately RMB6,125,000 and RMB6,288,000 as of December 31, 2017 and 2016 was pledged, along with the buildings discussed above, to secure the Company’s short-term bank loans.

 

 The following table represents the total estimated amortization of land use right, net for the five succeeding fiscal years to December 31, 2017:

 

    Estimated
    Amortization
For the Twelve Months Ending December 31, Expenses
    RMB '0000
2018   163
2019   163
2020   163
2021   163
2022   163
Thereafter   5,310
    6,125