China Ceramics Co., Ltd | CIK:0001470683 | 3

  • Filed: 5/4/2018
  • Entity registrant name: China Ceramics Co., Ltd (CIK: 0001470683)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/0001144204-18-025395-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/cccl-20171231.xml
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    12.
    PROPERTY, PLANT AND EQUIPMENT
     
     
     
     
     
    Plant and
     
    Motor
     
    Office
     
     
     
     
     
    Buildings
     
    machinery
     
    vehicles
     
    equipment
     
    Total
     
     
     
    RMB'000
     
    RMB'000
     
    RMB'000
     
    RMB'000
     
    RMB'000
     
    Cost
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    At January 1,2016
     
     
    382,011
     
     
    779,410
     
     
    4,915
     
     
    1,829
     
     
    1,168,165
     
    Additions
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
     
    -
     
    Disposals
     
     
    -
     
     
    (34,052)
     
     
    -
     
     
    (5)
     
     
    (34,057)
     
    Transfer to investment property
     
     
    (37,253)
     
     
    -
     
     
    -
     
     
    -
     
     
    (37,253)
     
    At December 31,2016
     
     
    344,758
     
     
    745,358
     
     
    4,915
     
     
    1,824
     
     
    1,096,855
     
    Additions
     
     
    4,872
     
     
    684
     
     
    -
     
     
    62
     
     
    5,618
     
    Disposals
     
     
    -
     
     
    -
     
     
    (690)
     
     
    -
     
     
    (690)
     
    At December 31, 2017
     
     
    349,630
     
     
    746,042
     
     
    4,225
     
     
    1,886
     
     
    1,101,783
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Accumulated depreciation
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    At January 1, 2016
     
     
    42,609
     
     
    305,132
     
     
    4,061
     
     
    1,383
     
     
    353,185
     
    Depreciation charge
     
     
    5,236
     
     
    39,102
     
     
    125
     
     
    120
     
     
    44,583
     
    Disposals
     
     
    -
     
     
    (18,280)
     
     
    -
     
     
    (5)
     
     
    (18,285)
     
    Transfer to investment property
     
     
    (1,570)
     
     
    -
     
     
    -
     
     
    -
     
     
    (1,570)
     
    At December 31,2016
     
     
    46,275
     
     
    325,954
     
     
    4,186
     
     
    1,498
     
     
    377,913
     
    Depreciation charge
     
     
    1,759
     
     
    13,374
     
     
    38
     
     
    20
     
     
    15,191
     
    Disposals
     
     
    -
     
     
    -
     
     
    (504)
     
     
    -
     
     
    (504)
     
    At December 31, 2017
     
     
    48,034
     
     
    339,328
     
     
    3,720
     
     
    1,518
     
     
    392,600
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Impairment
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    At January 1, 2016
     
     
    168,717
     
     
    235,763
     
     
    425
     
     
    220
     
     
    405,125
     
    Impairment losses recognized in profit or loss
     
     
    102,012
     
     
    118,575
     
     
    188
     
     
    65
     
     
    220,840
     
    Disposals
     
     
    -
     
     
    (8,674)
     
     
    -
     
     
    -
     
     
    (8,674)
     
    Transfer to investment property
     
     
    (28,891)
     
     
    -
     
     
    -
     
     
    -
     
     
    (28,891)
     
    At December 31,2016
     
     
    241,838
     
     
    345,664
     
     
    613
     
     
    285
     
     
    588,400
     
    Impairment losses recognized in profit or loss
     
     
    18,230
     
     
    15,398
     
     
    19
     
     
    6
     
     
    33,653
     
    Disposals
     
     
    -
     
     
    -
     
     
    (186)
     
     
    -
     
     
    (186)
     
    At December 31, 2017
     
     
    260,068
     
     
    361,062
     
     
    446
     
     
    291
     
     
    621,867
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Carrying amount
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    At December 31, 2016
     
     
    56,645
     
     
    73,740
     
     
    116
     
     
    41
     
     
    130,542
     
    At December 31, 2017
     
     
    41,528
     
     
    45,652
     
     
    59
     
     
    77
     
     
    87,316
     
     
    All property, plant and equipment held by the Company are located in the PRC. The Company’s buildings are situated on land under medium-term land use rights.
     
    For the buildings owned collectively by the Company and other three unrelated companies, the cost of buildings are stated according to the amounts paid by the Company for its part of buildings, which represent the Company’s interests in the buildings. Buildings are depreciated over their expected useful lives of 40 years. These buildings’ cost was RMB2,913,000, and accumulated depreciation of RMB1,226,000 and RMB1,226,000 as of December 31, 2017 and 2016, respectively, and an impairment allocation of RMB1,687,000 and RMB1,687,000 as of December 31, 2017 and 2016, respectively. These buildings with a carrying value of approximately RMB2,200,000 were pledged to secure the Company’s interest-bearing bank borrowings at December 31, 2015 (Note 22).  No property, plant and equipment was pledged to secure the Company interest-bearing bank borrowings at December 31, 2017 and 2016.
     
    At the end of the reporting period, the Company assessed the recoverable amount of property, plant and equipment, and determined that carrying amount was impaired by RMB33,653,000 (2016: 209,919,000).
     
    Loss (gain) on disposal of property, plant and equipment in 2017, 2016 and 2015 was RMB(70,000) gain, RMB6,246,000 loss, and RMB109,000 loss, respectively.