13. | Prepaid operating leases |
Yuchai is granted land use rights of 15 to 50 years in respect of such land. Prepaid operating leases represent those amounts paid for land use rights to the PRC government.
31.12.2016 | 31.12.2017 | 31.12.2017 | ||||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||||
Current |
12,546 | 12,546 | 1,982 | |||||||||
Non-current |
379,636 | 367,270 | 58,026 | |||||||||
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Total |
392,182 | 379,816 | 60,008 | |||||||||
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31.12.2016 | 31.12.2017 | 31.12.2017 | ||||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||||
Cost |
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At January 1 and December 31 |
529,577 | 529,577 | 83,669 | |||||||||
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Accumulated amortization |
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At January 1 |
124,576 | 137,395 | 21,707 | |||||||||
Charge for the year |
12,819 | 12,366 | 1,954 | |||||||||
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At December 31 |
137,395 | 149,761 | 23,661 | |||||||||
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Net carrying amount |
392,182 | 379,816 | 60,008 | |||||||||
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As of December 31, 2017, prepaid operating leases with a carrying amount of RMB Nil (US$Nil) (2016: RMB 71,022) are pledged to secure bank facilities.