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CONSTRUCTION-IN-PROGRESS
12 Months Ended
Dec. 31, 2020
CONSTRUCTION-IN-PROGRESS [abstract]  
Disclosure of construction-in-progress

1.            CONSTRUCTION-IN-PROGRESS

 

2019

 

2020

RMB’000

 

RMB’000

 

 

At January 1

1,828,372

 

2,378,974

Transfer in from fixed assets for improvement/modifications

(Note 6)

592,201

 

685,128

Other additions

1,654,657

 

1,596,875

Transfer to fixed assets (Note 6)

(743,618)

 

(780,501)

Transfer out to fixed assets after improvement/modifications

(Note 6)

(952,638)

 

(1,101,800)

At December 31

2,378,974

 

2,778,676

 

Construction-in-progress as at December 31, 2020 mainly comprise of improvement projects for road existing railway equipment in the PRC.

 

For the year ended December 31, 2020, no interest expense (2019: nil) had been capitalized in the construction-in-progress balance as there were no third party borrowings during the year.

 

As at December 31, 2020, the balance of the provision for writing down the construction-in-progress was approximately RMB15,456,000 (2019: RMB15,456,000).