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FIXED ASSETS - NET (Tables)
 12 Months Ended
Dec. 31, 2019
FIXED ASSETS - NET [abstract]  
Schedule of fixed assets-net

Buildings

Tracks,
bridges and
service roads

Locomotives
 and rolling
 stock

Communications
and signaling
 systems

Other
machinery and
equipment

Total

RMB’000

RMB’000

RMB’000

RMB’000

RMB’000

RMB’000

At January 1, 2018

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 December 31, 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 December 31, 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

Year ended December 31, 2019

Opening net book amount

4,751,312

 

11,213,432

 

5,609,880

 

438,983

 

2,170,641

 

24,184,248

Other additions

4,975

 

2,185

 

948

 

28

 

96,443

 

104,579

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

238,599

 

110,172

 

65,903

 

87,732

 

241,212

 

743,618

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

(10,523)

 

(44,034)

 

(484,992)

 

(24,994)

 

(27,658)

 

(592,201)

Transfer in from construction-in-progress after repair

27,451

 

121,591

 

716,082

 

28,712

 

58,802

 

952,638

Reclassifications

(102)

 

102

 

238

 

(412)

 

174

 

-

Disposals

(8,529)

 

(87,439)

 

(49,855)

 

(5,526)

 

(17,468)

 

(168,817)

Depreciation charges

(321,779)

 

(214,909)

 

(661,484)

 

(87,880)

 

(351,246)

 

(1,637,298)

Impairment charge

(20,697)

 

-

 

-

 

-

 

-

 

(20,697)

Impairment write-off

-

 

-

 

-

 

-

 

11

 

11

Closing net book amount

4,660,707

 

11,101,100

 

5,196,720

 

436,643

 

2,170,911

 

23,566,081

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

Cost

7,825,870

 

14,817,730

 

8,102,522

 

1,852,565

 

6,757,634

 

39,356,321

Accumulated depreciation

(3,141,585)

 

(3,716,630)

 

(2,905,802)

 

(1,415,922)

 

(4,579,251)

 

(15,759,190)

Impairment

(23,578)

 

-

 

-

 

-

 

(7,472)

 

(31,050)

Net book amount

4,660,707

 

11,101,100

 

5,196,720

 

436,643

 

2,170,911

 

23,566,081
Schedule of building ownership certificates

 

Carrying value as at

December 31 2018

RMB’000

Carrying value as at

December 31

2019

RMB’000

Reason for delay in obtaining

the ownership certificates

 

 

 

 

Certificates for buildings under application procedures

1,067,076

1,040,897

The Group commenced such application procedures with the respective authorities in China by the end of 2017, there has been progress made and the Group’s management does not expect any major difficulties in obtaining the remaining ownership certificates.

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

53,392

49,846

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

535,797

Such land is held by lease under certain 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.