8. INTEREST EXPENSE
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Years ended December 31, |
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2015 |
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2016 |
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2017 |
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RMB |
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RMB |
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RMB |
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Interest expense incurred |
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8,273 |
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9,021 |
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6,368 |
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Less: Interest expense capitalized* |
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(1,221 |
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(859 |
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(723 |
) |
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7,052 |
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8,162 |
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5,645 |
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Accretion expenses (Note 28) |
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1,081 |
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1,057 |
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1,501 |
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Interest expense |
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8,133 |
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9,219 |
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7,146 |
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* Interest rates per annum at which borrowing costs were capitalized for construction in progress |
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2.6% to 5.9% |
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2.65% to 4.82% |
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2.37% to 4.41% |
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