Annual Report 2015
FINANCIAL SECTION
165
18 LAND USE RIGHTS
2015
2014
HK$m
HK$m
At beginning of the year
2,374.7
2,206.8
Translation differences
–
(28.2)
Acquisition of a subsidiary
24.7
64.4
Additions
116.0
–
Transfer between land use rights and properties under development
14.3
17.6
Transfer between land use rights and investment properties
(92.6)
(11.4)
Transfer between land use rights and property, plant and equipment
–
221.8
Disposal of a subsidiary
–
(10.0)
Amortisation
(93.7)
(86.3)
At end of the year
2,343.4
2,374.7
Interests in land use rights represent prepaid operating lease payments.
As at 30 June 2015, the aggregate net book value of land use rights pledged as securities for the Group’s
borrowings amounted to HK$340.2 million (2014: HK$331.8 million) (note 39).
19 INTANGIBLE CONCESSION RIGHTS
2015
2014
HK$m
HK$m
Cost
At beginning of the year
18,731.9
18,981.2
Translation differences
–
(249.3)
Additions
43.3
–
At end of the year
18,775.2
18,731.9
Accumulated amortisation and impairment
At beginning of the year
3,147.5
2,439.8
Translation differences
–
(50.5)
Amortisaton
829.9
758.2
At end of the year
3,977.4
3,147.5
Net book value
At end of the year
14,797.8
15,584.4
As at 30 June 2015, the aggregate net book value of intangible concession rights pledged as securities of the
Group’s borrowings amounted to HK$14,253.7 million (2014: HK$14,980.8 million) (note 39).
