| 10 | INTEREST EXPENSE |
| 2017 | 2016 | 2015 | ||||||||||
| RMB | RMB | RMB | ||||||||||
|
Interest on |
||||||||||||
|
Bank loans |
1,569 | 891 | 1,259 | |||||||||
|
Other loans |
17,394 | 19,910 | 19,892 | |||||||||
|
Accretion expense (Note 31) |
5,453 | 5,126 | 5,950 | |||||||||
|
Less: Amounts capitalized |
(2,008 | ) | (2,579 | ) | (2,773 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| 22,408 | 23,348 | 24,328 | ||||||||||
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|
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Amounts capitalized are borrowing costs that are attributable to the construction of a qualifying asset. The average interest rate used to capitalize such general borrowing cost was 4.28% per annum for the year ended December 31, 2017 (2016: 4.28% per annum, 2015: 4.28%-5.76 % per annum).