Lenovo 2015 Annual Report Download - page 179
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177
2014/15 Annual Report Lenovo Group Limited
NOTES TO THE FINANCIAL STATEMENTS
15 PREPAID LEASE PAYMENTS
2015
US$’000
2014
US$’000
At the beginning of the year 40,884 36,522
Exchange adjustment (18) (17)
Additions 69,903 –
Transfer from construction-in-progress 115,741 5,198
Amortization (1,399) (819)
At the end of the year 225,111 40,884
16 CONSTRUCTION-IN-PROGRESS
Buildings under
construction
Internal
use software Others Total
2015 2014 2015 2014 2015 2014 2015 2014
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At the beginning of the year 337,386 155,474 11,753 20,177 2,795 8,400 351,934 184,051
Exchange adjustment (1,348) (1,665) (96) (132) –(269) (1,444) (2,066)
Reclassification –3,499 –(4,215) –716 ––
Additions 120,980 286,493 35,967 64,515 190,559 37,230 347,506 388,238
Acquisition of businesses ––––12,930 –12,930 –
Transfer to property,
plant and equipment (73,304) (101,217) ––(178,597) (39,185) (251,901) (140,402)
Transfer to intangible assets ––(31,052) (67,373) (144) (4,097) (31,196) (71,470)
Transfer to prepaid lease
payments (115,741) (5,198) ––––(115,741) (5,198)
Disposals (114) –(14) (1,219) (72) –(200) (1,219)
At the end of the year 267,859 337,386 16,558 11,753 27,471 2,795 311,888 351,934
During the year, the Group has capitalised borrowing costs amounting to US$4.5 million (2014: nil) on qualifying assets.
Borrowing costs were capitalized at the weighted average rate of its general borrowings of 3.28%.