| 11. | Property, plant and equipment |
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Freehold land RMB’000 |
Leasehold land, buildings and improvements RMB’000 |
Construction in progress RMB’000 |
Plant and machinery RMB’000 |
Office furniture, fittings and equipment RMB’000 |
Motor and transport vehicles RMB’000 |
Total RMB’000 |
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Cost |
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At January 1, 2016 |
13,301 | 2,307,160 | 328,117 | 4,969,820 | 181,448 | 114,681 | 7,914,527 | |||||||||||||||||||||
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Additions |
— | 23,621 | 232,474 | 8,514 | 17,757 | 2,627 | 284,993 | |||||||||||||||||||||
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Acquisition as subsidiary |
— | — | — | — | 29 | — | 29 | |||||||||||||||||||||
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Disposals |
— | (16,492 | ) | — | (114,861 | ) | (6,966 | ) | (3,263 | ) | (141,582 | ) | ||||||||||||||||
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Transfers |
— | 37,001 | (224,440 | ) | 186,620 | 142 | 296 | (381 | ) | |||||||||||||||||||
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Write-off |
— | — | — | — | (5 | ) | — | (5 | ) | |||||||||||||||||||
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Translation difference |
429 | 356 | — | (337 | ) | 56 | 84 | 588 | ||||||||||||||||||||
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At December 31, 2016 and January 1, 2017 |
13,730 | 2,351,646 | 336,151 | 5,049,756 | 192,461 | 114,425 | 8,058,169 | |||||||||||||||||||||
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Additions |
— | 1,109 | 226,977 | 7,464 | 16,763 | 9,120 | 261,433 | |||||||||||||||||||||
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Disposal of subsidiary |
— | (107,632 | ) | — | (35,490 | ) | (12,473 | ) | (255 | ) | (155,850 | ) | ||||||||||||||||
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Disposals |
— | (3,310 | ) | — | (10,064 | ) | (3,718 | ) | (5,481 | ) | (22,573 | ) | ||||||||||||||||
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Transfers |
— | 81,486 | (280,358 | ) | 198,872 | — | — | — | ||||||||||||||||||||
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Write-off |
— | (2,385 | ) | (1,674 | ) | (53,792 | ) | (15,307 | ) | (599 | ) | (73,757 | ) | |||||||||||||||
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Translation difference |
263 | 1,954 | — | 88 | 2,228 | (74 | ) | 4,459 | ||||||||||||||||||||
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At December 31, 2017 |
13,993 | 2,322,868 | 281,096 | 5,156,834 | 179,954 | 117,136 | 8,071,881 | |||||||||||||||||||||
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Accumulated depreciation and impairment |
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At January 1, 2016 |
460 | 572,857 | — | 2,831,362 | 110,175 | 70,129 | 3,584,983 | |||||||||||||||||||||
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Charge for the year |
— | 78,504 | — | 359,046 | 21,248 | 6,295 | 465,093 | |||||||||||||||||||||
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Disposals |
— | (8,720 | ) | — | (104,346 | ) | (6,514 | ) | (2,277 | ) | (121,857 | ) | ||||||||||||||||
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Transfers |
— | (24 | ) | — | — | — | — | (24 | ) | |||||||||||||||||||
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Impairment loss |
— | — | — | 3,297 | — | — | 3,297 | |||||||||||||||||||||
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Translation difference |
7 | (331 | ) | — | (160 | ) | (78 | ) | 54 | (508 | ) | |||||||||||||||||
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At December 31, 2016 and January 1, 2017 |
467 | 642,286 | — | 3,089,199 | 124,831 | 74,201 | 3,930,984 | |||||||||||||||||||||
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Charge for the year |
— | 78,347 | — | 325,979 | 21,202 | 6,039 | 431,567 | |||||||||||||||||||||
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Disposal of subsidiary |
— | (26,031 | ) | — | (15,040 | ) | (9,695 | ) | (240 | ) | (51,006 | ) | ||||||||||||||||
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Disposals |
— | (1,879 | ) | — | (10,191 | ) | (1,798 | ) | (4,733 | ) | (18,601 | ) | ||||||||||||||||
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Write-off |
— | (1,377 | ) | — | (51,087 | ) | (15,012 | ) | (599 | ) | (68,075 | ) | ||||||||||||||||
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Impairment loss |
— | — | 1,055 | 19,790 | — | — | 20,845 | |||||||||||||||||||||
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Translation difference |
17 | 104 | — | 62 | 1,998 | (32 | ) | 2,149 | ||||||||||||||||||||
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At December 31, 2017 |
484 | 691,450 | 1,055 | 3,358,712 | 121,526 | 74,636 | 4,247,863 | |||||||||||||||||||||
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Net book value |
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At December 31, 2016 |
13,263 | 1,709,360 | 336,151 | 1,960,557 | 67,630 | 40,224 | 4,127,185 | |||||||||||||||||||||
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At December 31, 2017 |
13,509 | 1,631,418 | 280,041 | 1,798,122 | 58,428 | 42,500 | 3,824,018 | |||||||||||||||||||||
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US$’000 |
2,134 | 257,752 | 44,245 | 284,091 | 9,231 | 6,715 | 604,168 | |||||||||||||||||||||
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An impairment loss of RMB 20,845 (US$ 3,293) (2016: RMB 3,297; 2015: RMB 2,873) was charged to the consolidated statement of profit or loss under “Cost of sales” for the Group’s property, plant and equipment within the Yuchai segment. The impairment loss for 2015, 2016 and 2017 was due to assets that were not in use.
As of December 31, 2017, property, plant and equipment with a carrying amount of RMB 82,710 (US$13,068) (2016: RMB 84,360) are pledged to secure bank facilities.
Finance leases
The carrying value of property, plant and equipment held under finance leases at December 31, 2017 was RMB 96 (US$15) (2016: RMB 144). In 2017, there was no addition of property, plant and equipment under finance leases (2016: RMB86).