GUANGSHEN RAILWAY CO LTD | CIK:0001012139 | 3

  • Filed: 4/26/2018
  • Entity registrant name: GUANGSHEN RAILWAY CO LTD (CIK: 0001012139)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1012139/000119312518132166/0001193125-18-132166-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1012139/000119312518132166/gsh-20171231.xml
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

     

    5                 6 FIXED ASSETS-NET

     

    Buildings

    Tracks,
    bridges and
    service roads

    Locomotives
     and rolling
     stock

    Communications
    and signalling
     systems

    Other
    machinery and
    equipment

    Total

    RMB’000

    RMB’000

    RMB’000

    RMB’000

    RMB’000

    RMB’000

    At 1 January 2016

    Cost

    6,989,242

    15,615,264

    7,657,021

    1,807,311

    6,022,269

    38,091,107

    Accumulated depreciation

    (2,336,451)

    (2,980,811)

    (3,587,690)

    (1,341,344)

    (3,769,890)

    (14,016,186)

    Impairment

    -

    -

    -

    -

    (1,162)

    (1,162)

    Net book amount

    4,652,791

    12,634,453

    4,069,331

    465,967

    2,251,217

    24,073,759

    Year ended 31 December 2016

    Opening net book amount

    4,652,791

    12,634,453

    4,069,331

    465,967

    2,251,217

    24,073,759

    Additions due to business combination

    -

    -

    565,493

    11,859

    71,538

    648,890

    Other additions

    6,294

    -

    446,754

    42,182

    154,100

    649,330

    Transfer in from construction-in-progress (Note 7)

    485,087

    88,128

    36,584

    77,808

    330,106

    1,017,713

    Transfer out to construction-in-progress for improvements/modifications (Note 7)

    (4,743)

    -

    (189,888)

    (2,958)

    (8,797)

    (206,386)

    Transfer in from construction-in-progress after repair

    10,451

    2,088

    430,050

    6,613

    21,833

    471,035

    Reclassifications

    (10,141)

    (94)

    -

    172

    10,063

    -

    Reclassified to leasehold land payments

    -

    (715,003)

    -

    -

    -

    (715,003)

    Disposals

    (946)

    (92,586)

    (42,618)

    (1,621)

    (4,565)

    (142,336)

    Depreciation charges

    (293,503)

    (216,765)

    (460,387)

    (107,148)

    (441,167)

    (1,518,970)

    Closing net book amount

    4,845,290

    11,700,221

    4,855,319

    492,874

    2,384,328

    24,278,032

    At 31 December 2016

    Cost

    7,468,977

    14,887,093

    8,557,841

    1,917,478

    6,514,493

    39,345,882

    Accumulated depreciation

    (2,623,687)

    (3,186,872)

    (3,702,522)

    (1,424,604)

    (4,129,003)

    (15,066,688)

    Impairment

    -

    -

    -

    -

    (1,162)

    (1,162)

    Net book amount

    4,845,290

    11,700,221

    4,855,319

    492,874

    2,384,328

    24,278,032

    Year ended 31 December 2017

    Opening net book amount

    4,845,290

    11,700,221

    4,855,319

    492,874

    2,384,328

    24,278,032

    Other additions

    1,849

     

    -

     

    69,311

     

    13,086

     

    123,436

     

    207,682

    Transfer in from construction-in-progress (Note 7)

    345,676

     

    179,842

     

    843,489

     

    80,867

     

    203,557

     

    1,653,431

    Transfer out to construction-in-progress for improvement/modifications  (Note 7)

    (305,208)

     

    -

     

    (987,236)

     

    (299)

     

    (18,903)

     

    (1,311,646)

    Transfer in from construction-in-progress after repair

    310,885

     

    -

     

    875,497

     

    299

     

    16,697

     

    1,203,378

    Reclassifications

    1,342

     

    7,116

     

    25

     

    -

     

    (8,483)

     

    -

    Reclassified to leasehold land payments

    -

     

    (403,282)

     

    -

     

    -

     

    -

     

    (403,282)

    Disposals

    (15,942)

     

    (69,516)

     

    (234,830)

     

    (744)

     

    (15,780)

     

    (336,812)

    Depreciation charges

    (332,581)

     

    (216,075)

     

    (571,640)

     

    (115,870)

     

    (426,294)

     

    (1,662,460)

    Impairment charge

    -

     

    -

     

    (9,865)

     

    -

     

    (1,320)

     

    (11,185)

    Closing net book amount

    4,851,311

     

    11,198,306

     

    4,840,070

     

    470,213

     

    2,257,238

     

    23,617,138

     

     

     

     

     

     

     

     

     

     

     

    At 31 December 2017

     

     

     

     

     

     

     

     

     

     

     

    Cost

    7,441,605

     

    14,588,338

     

    7,903,204

     

    1,993,168

     

    6,628,084

     

    38,554,399

    Accumulated depreciation

    (2,590,294)

     

    (3,390,032)

     

    (3,053,269)

     

    (1,522,955)

     

    (4,368,375)

     

    (14,924,925)

    Impairment

    -

     

    -

     

    (9,865)

     

    -

     

    (2,471)

     

    (12,336)

    Net book amount

    4,851,311

     

    11,198,306

     

    4,840,070

     

    470,213

     

    2,257,238

     

    23,617,138

     

    6          FIXED ASSETS-NET (CONTINUED)

     

    (a)             As at 31 December 2017, the ownership certificates of certain buildings of the Group with an aggregate carrying value of approximately RMB 1,858,288,000 (2016: RMB1,819,505,000) had not been obtained by the Group. After consultation made with the Company’s legal counsel, the directors of the Company consider that there is no legal restriction for the Group to apply for and obtain the ownership certificates of such buildings and it should not lead to any significant adverse impact on the operations of the Group.

     

    (b)             As at 31 December 2017, fixed assets of the Group with an aggregate net book value of approximately RMB155,125,000 (2016: RMB116,953,000) had been fully depreciated but they were still in use.