SINOPEC SHANGHAI PETROCHEMICAL CO LTD | CIK:0000908732 | 3

  • Filed: 4/27/2018
  • Entity registrant name: SINOPEC SHANGHAI PETROCHEMICAL CO LTD (CIK: 0000908732)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/0001193125-18-138156-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/shi-20171231.xml
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  • ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory

    6 Other operating income

     

         2015      2016      2017  
         RMB’000      RMB’000      RMB’000  

    Government grants (i)

         150,116        144,631        65,703  

    Rental income from investment property (Note 16)

         48,553        46,164        46,700  

    Income from pipeline transportation services

         6,731        5,215        4,454  

    Others

         29,524        1,296        2,153  
      

     

     

        

     

     

        

     

     

     
         234,924        197,306        119,010  
      

     

     

        

     

     

        

     

     

     

     

    (i) Government grants

    Grants related to R&D and other tax refund of RMB 65,266 thousands (2016: RMB 144,631 thousands, 2015: RMB 150,116 thousands) are included in the “government grants” line item. There are no unfulfilled conditions or other contingencies attaching to these grants. The Group did not benefit directly from any other forms of government assistance.

    Deferral and presentation of government grants

    Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as “deferred income” and are credited to profit or loss on a straight-line basis over the expected lives of the related assets. See Note 28 for further details. For the year ended 31 December 2017, RMB 437 thousands (For the year ended 31 December 2016 and 2015: Nil) were included in the government grants line item.