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FIXED ASSETS-NET
12 Months Ended
Dec. 31, 2017
FIXED ASSETS-NET [abstract]  
Disclosure of fixed assets-net

 

5                 6 FIXED ASSETS-NET

 

Buildings

Tracks,
bridges and
service roads

Locomotives
 and rolling
 stock

Communications
and signalling
 systems

Other
machinery and
equipment

Total

RMB’000

RMB’000

RMB’000

RMB’000

RMB’000

RMB’000

At 1 January 2016

Cost

6,989,242

15,615,264

7,657,021

1,807,311

6,022,269

38,091,107

Accumulated depreciation

(2,336,451)

(2,980,811)

(3,587,690)

(1,341,344)

(3,769,890)

(14,016,186)

Impairment

-

-

-

-

(1,162)

(1,162)

Net book amount

4,652,791

12,634,453

4,069,331

465,967

2,251,217

24,073,759

Year ended 31 December 2016

Opening net book amount

4,652,791

12,634,453

4,069,331

465,967

2,251,217

24,073,759

Additions due to business combination

-

-

565,493

11,859

71,538

648,890

Other additions

6,294

-

446,754

42,182

154,100

649,330

Transfer in from construction-in-progress (Note 7)

485,087

88,128

36,584

77,808

330,106

1,017,713

Transfer out to construction-in-progress for improvements/modifications (Note 7)

(4,743)

-

(189,888)

(2,958)

(8,797)

(206,386)

Transfer in from construction-in-progress after repair

10,451

2,088

430,050

6,613

21,833

471,035

Reclassifications

(10,141)

(94)

-

172

10,063

-

Reclassified to leasehold land payments

-

(715,003)

-

-

-

(715,003)

Disposals

(946)

(92,586)

(42,618)

(1,621)

(4,565)

(142,336)

Depreciation charges

(293,503)

(216,765)

(460,387)

(107,148)

(441,167)

(1,518,970)

Closing net book amount

4,845,290

11,700,221

4,855,319

492,874

2,384,328

24,278,032

At 31 December 2016

Cost

7,468,977

14,887,093

8,557,841

1,917,478

6,514,493

39,345,882

Accumulated depreciation

(2,623,687)

(3,186,872)

(3,702,522)

(1,424,604)

(4,129,003)

(15,066,688)

Impairment

-

-

-

-

(1,162)

(1,162)

Net book amount

4,845,290

11,700,221

4,855,319

492,874

2,384,328

24,278,032

Year ended 31 December 2017

Opening net book amount

4,845,290

11,700,221

4,855,319

492,874

2,384,328

24,278,032

Other additions

1,849

 

-

 

69,311

 

13,086

 

123,436

 

207,682

Transfer in from construction-in-progress (Note 7)

345,676

 

179,842

 

843,489

 

80,867

 

203,557

 

1,653,431

Transfer out to construction-in-progress for improvement/modifications  (Note 7)

(305,208)

 

-

 

(987,236)

 

(299)

 

(18,903)

 

(1,311,646)

Transfer in from construction-in-progress after repair

310,885

 

-

 

875,497

 

299

 

16,697

 

1,203,378

Reclassifications

1,342

 

7,116

 

25

 

-

 

(8,483)

 

-

Reclassified to leasehold land payments

-

 

(403,282)

 

-

 

-

 

-

 

(403,282)

Disposals

(15,942)

 

(69,516)

 

(234,830)

 

(744)

 

(15,780)

 

(336,812)

Depreciation charges

(332,581)

 

(216,075)

 

(571,640)

 

(115,870)

 

(426,294)

 

(1,662,460)

Impairment charge

-

 

-

 

(9,865)

 

-

 

(1,320)

 

(11,185)

Closing net book amount

4,851,311

 

11,198,306

 

4,840,070

 

470,213

 

2,257,238

 

23,617,138

 

 

 

 

 

 

 

 

 

 

 

At 31 December 2017

 

 

 

 

 

 

 

 

 

 

 

Cost

7,441,605

 

14,588,338

 

7,903,204

 

1,993,168

 

6,628,084

 

38,554,399

Accumulated depreciation

(2,590,294)

 

(3,390,032)

 

(3,053,269)

 

(1,522,955)

 

(4,368,375)

 

(14,924,925)

Impairment

-

 

-

 

(9,865)

 

-

 

(2,471)

 

(12,336)

Net book amount

4,851,311

 

11,198,306

 

4,840,070

 

470,213

 

2,257,238

 

23,617,138


 

6          FIXED ASSETS-NET (CONTINUED)

 

(a)             As at 31 December 2017, the ownership certificates of certain buildings of the Group with an aggregate carrying value of approximately RMB 1,858,288,000 (2016: RMB1,819,505,000) had not been obtained by the Group. After consultation made with the Company’s legal counsel, the directors of the Company consider that there is no legal restriction for the Group to apply for and obtain the ownership certificates of such buildings and it should not lead to any significant adverse impact on the operations of the Group.

 

(b)             As at 31 December 2017, fixed assets of the Group with an aggregate net book value of approximately RMB155,125,000 (2016: RMB116,953,000) had been fully depreciated but they were still in use.