China Ceramics Co., Ltd | CIK:0001470683 | 3

  • Filed: 5/4/2018
  • Entity registrant name: China Ceramics Co., Ltd (CIK: 0001470683)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/0001144204-18-025395-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/cccl-20171231.xml
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    • ifrs-full:DisclosureOfInvestmentPropertyExplanatory

    13.
    INVESTMENT PROPERTY
     
     
     
    2017
     
    2016
     
     
     
    RMB’000
     
    RMB’000
     
    Cost
     
     
     
     
     
     
     
    At December 31, 2017 and 2016
     
     
    37,253
     
     
    37,253
     
     
     
     
     
     
     
     
     
    Accumulated depreciation
     
     
     
     
     
     
     
    As of beginning of the year
     
     
    (1,570)
     
     
    -
     
    Transfer from property, plant and equipment
     
     
    -
     
     
    (1,101)
     
    Depreciation for the year
     
     
    (180)
     
     
    (469)
     
    As of end of the year
     
     
    (1,750)
     
     
    (1,570)
     
     
     
     
     
     
     
     
     
    Impairment for the year
     
     
     
     
     
     
     
    As of beginning of the year
     
     
    (28,892)
     
     
    -
     
    Transfer from property, plant and equipment
     
     
    -
     
     
    (17,972)
     
    Impairment losses recognized in profit or loss transferred from property, plant and equipment
     
     
    (1,617)
     
     
    (10,920)
     
    As of end of the year
     
     
    (30,509)
     
     
    (28,892)
     
     
     
     
     
     
     
     
     
    Carrying amount
     
     
     
     
     
     
     
    At December 31, 2017 and 2016
     
     
    4,994
     
     
    6,791
     
     
    The fair value of this investment property, which is the estimation of the depreciated replacement cost, as of December 31, 2017 was RMB36,300,000.
     
    At the end of the reporting period, the Company assessed the recoverable amount of investment property, and determined that carrying amount was impaired by RMB1,617,000 (2016: 10,920,000).