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NOTES TO THE FINANCIAL STATEMENTS
Lenovo Group Limited 2012/13 Annual Report
152
15 Prepaid lease payments
Group
2013 2012
US$’000 US$’000
At the beginning of the year 13,552 9,682
Exchange adjustment 185 386
Additions 5,026 –
Transfer from construction-in-progress 18,526 3,763
Amortization (767) (279)
At the end of the year 36,522 13,552
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
2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
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 78,052 738 22,415 24,001 3,519 7,353 103,986 32,092 4,607 3,602
Exchange adjustment 805 1,725 372 387 (169) (483) 1,008 1,629 210
Reclassification (241) 7,164 7,105 (6) (6,864) (7,158) ––––
Additions 150,372 106,681 90,165 86,426 36,466 12,494 277,003 205,601 17,834 28,543
Transfer to property,
plant and equipment (54,988) (36,101) ––(24,440) (9,422) (79,428) (45,523) ––
Transfer to intangible assets ––(99,260) (88,393) ––(99,260) (88,393) (18,476) (27,548)
Transfer to prepaid lease
payments (18,526) (3,763) ––––(18,526) (3,763) ––
Disposals –(6) (620) –(112) –(732) (6) ––
Acquisition of subsidiaries –1,614 –––735 –2,349 ––
At the end of the year 155,474 78,052 20,177 22,415 8,400 3,519 184,051 103,986 3,967 4,607
No interest expenses were capitalized in construction-in-progress as at March 31, 2013 and 2012.