Haier 2009 Annual Report Download - page 123

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31 December 2009

NOTES TO FINANCIAL STATEMENTS 財務報表附註
 海爾電器集團有限公司 121
17. Prepaid Land Premiums
Group
2009 2008
年 
RMB’000 RMB’000
 
Carrying amount at 1 January  72,819 74,660
Recognised during the year  (2,226 ) (1,841 )
Carrying amount at 31 December  70,593 72,819
Current portion included 
in prepayments, deposits 
and other receivables (1,918 ) (1,971 )
Non-current portion  68,675 70,848
All prepaid land premiums represent payments for leasehold land
in Mainland China held under medium term leases.
As at 31 December 2009, certain parcels of the Group’s leasehold
land with an aggregate unamortised prepaid land premium amount
of approximately RMB8,825,000 (2008: RMB9,384,000) did not
have land use right certificates registered under the names of
the respective subsidiaries of the Company, all of which were
indemnified by Haier Corp as at 31 December 2009. Details of the
undertakings granted by Haier Corp to the Company in relation to
such title issue are set out in note 15 to the financial statements.
17. 




8,825,000
9,384,000




15