Haier 2009 Annual Report Download - page 122
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31 December 2009
NOTES TO FINANCIAL STATEMENTS 財務報表附註
HAIER ELECTRONICS GROUP CO., LTD ANNUAL REPORT 2009
120
16. Investment Properties
Group
2009 2008
年
RMB’000 RMB’000
Cost at 1 January, net of
accumulated depreciation – –
Transfer from own-occupied
properties 18,894 –
Depreciation provided
during the year (596 ) –
Cost at 31 December, net of
accumulated depreciation 18,298 –
At 31 December:
Cost 18,894
Accumulated depreciation (596 ) –
Net carrying amount 18,298 –
All investment properties of the Group are erected on land in
Mainland China held under medium term leases.
In the opinion of the directors, the fair value of the Group’s
investment properties was approximately RMB21,046,000 as at
31 December 2009 (2008: Nil). Property rentals from investment
properties for the year ended 31 December 2009 amounted to
approximately RMB1,008,000 (2008: Nil).
As at 31 December 2009, the Group’s investment properties did not
have building ownership certificates registered under the name of
the Company’s subsidiary. The Group obtained an undertaking from
Haier Corp in relation to such defective property title issue, details
of which are set out in note 15 to the financial statements.
16.
21,046,000
1,008,000
15