Huawei 2015 Annual Report Download - page 78

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76
Investment property
The fair value of investment property as at December 31, 2015 is estimated by management to be CNY147 million
(2014: CNY 71 million).
The fair value of investment property is determined by the Group internally with reference to market conditions and
discounted cash flow forecasts, taking into account current lease agreements on an arm's-length basis. The fair value
measurement is categorised into level 3 of the fair value hierarchy as defined in IFRS 13, Fair value measurement.
16 Long-term leasehold prepayments
2015 2014
CNY million CNY million
At January 1 3,349 2,761
Additions 37 607
Acquisition of subsidiaries –61
Amortisation for the year (80) (80)
At December 31 3,306 3,349
17 Interests in associates and joint ventures
Associates Joint ventures Total
2015 2014 2015 2014 2015 2014
CNY
million
CNY
million
CNY
million
CNY
million
CNY
million
CNY
million
Share of net assets 424 521 78 107 502 628
Goodwill 43 43 ––43 43
Subtotal 467 564 78 107 545 671
Less: impairment loss (17) (16) ––(17) (16)
Total 450 548 78 107 528 655
All associates and joint ventures are accounted for using the equity method in the consolidated financial statements.