Lenovo 2012 Annual Report Download - page 146
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2011/12 Annual Report Lenovo Group Limited
144
NOTES TO THE FINANCIAL STATEMENTS
15 Prepaid lease payments
Group
2012 2011
US$’000 US$’000
At the beginning of the year 9,682 3,748
Exchange adjustment 386 164
Transfer from property, plant and equipment –5,866
Transfer from construction-in-progress 3,763 –
Amortization (279) (96)
At the end of the year 13,552 9,682
Prepaid lease payments represent the payments for land use rights held by the Group in the Chinese Mainland under medium
leases (less than 50 years but not less than 10 years).
16 Construction-in-progress
Group Company
Buildings under
construction
Internal use
software Others Total
Internal use
software
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At the beginning of the year 738 414 24,001 23,772 7,353 525 32,092 24,711 3,602 2,204
Exchange adjustment 1,725 31 387 315 (483) (1) 1,629 345 10 (9)
Reclassification 7,114 (354) –(17) (7,114) 255 –(116) ––
Additions 106,681 1,335 86,426 66,752 12,494 10,444 205,601 78,531 28,543 4,868
Transfer to property,
plant and equipment (36,051) (688) (50) –(9,422) (2,135) (45,523) (2,823) ––
Transfer to intangible assets ––(88,349) (66,821) (44) (320) (88,393) (67,141) (27,548) (3,461)
Transfer to prepaid lease
payments (3,763) –––––(3,763) –––
Disposals (6) ––––(1,415) (6) (1,415) ––
Acquisition of subsidiaries 1,614 –––735 –2,349 –––
At the end of the year 78,052 738 22,415 24,001 3,519 7,353 103,986 32,092 4,607 3,602
No interest expenses were capitalized in construction-in-progress as at March 31, 2012 and 2011.