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FIXED ASSETS-NET (Tables)
 12 Months Ended
Dec. 31, 2018
FIXED ASSETS-NET [abstract]  
Schedule of 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 2017

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

Year ended 31 December 2018

Opening net book amount

4,851,311

 

11,198,306

 

4,840,070

 

470,213

 

2,257,238

 

23,617,138

Other additions

6,956

 

-

 

712,632

 

22,784

 

115,526

 

857,898

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

162,624

 

277,739

 

127,805

 

28,629

 

133,089

 

729,886

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

(60,507)

 

(273,678)

 

(715,707)

 

(8,042)

 

(36,835)

 

(1,094,769)

Transfer in from construction-in-progress after repair

124,345

 

324,386

 

1,414,100

 

40,026

 

76,003

 

1,978,860

Reclassifications

(5,631)

 

-

 

-

 

-

 

5,631

 

-

Disposals

(4,082)

 

(99,463)

 

(167,790)

 

(10,531)

 

(15,128)

 

(296,994)

Depreciation charges

(320,823)

 

(213,858)

 

(611,095)

 

(104,096)

 

(359,871)

 

(1,609,743)

Impairment charge

(2,881)

 

-

 

-

 

-

 

(7,483)

 

(10,364)

Impairment write-off

-

 

-

 

9,865

 

-

 

2,471

 

12,336

Closing net book amount

4,751,312

 

11,213,432

 

5,609,880

 

438,983

 

2,170,641

 

24,184,248

 

 

 

 

 

 

 

 

 

 

 

At 31 December 2018

 

 

 

 

 

 

 

 

 

 

 

Cost

7,590,161

 

14,735,949

 

8,218,284

 

2,034,318

 

6,631,867

 

39,210,579

Accumulated depreciation

(2,835,968)

 

(3,522,517)

 

(2,608,404)

 

(1,595,335)

 

(4,453,743)

 

(15,015,967)

Impairment

(2,881)

 

-

 

-

 

-

 

(7,483)

 

(10,364)

Net book amount

4,751,312

 

11,213,432

 

5,609,880

 

438,983

 

2,170,641

 

24,184,248
Schedule of building ownership certificates

 

Carrying value as at

31 December 2018

RMB’000

Reason for delay in obtaining

the ownership certificates

 

 

 

Certificates for buildings under application procedures

1,067,076

The Group commenced such application procedures with the respective authorities in China by the end of 2017, and the Group’s management expects that these procedures would be completed within a short period of time and the ownership certificates will be obtained.

Certain buildings located on the land of which the land use right certificates have not been obtained

53,392

According to relevant laws and regulations in China, the land use right certificates of the land on which these buildings are located must be obtained before the Group can start the application for the respective housing ownership certificates. As a result, the Group will start to apply for the ownership certificates of these buildings after they have completed the procedures to obtain the land use right certificates.

Certain buildings attached to pieces of land which is held by lease

556,243

Such land is held by lease under certain operating lease arrangements. Due to the fact that the Group does not have the underlying land use right certificates for such land, therefore, the Group cannot apply for the respective ownership certificates of the buildings constructed on top of it. According to the lease agreements and communication with the leasors, and as confirmed by the Company’s legal counsel, the Group possesses the right to use and/or own such buildings without the certificates.