CHINA YUCHAI INTERNATIONAL LTD | CIK:0000932695 | 3

  • Filed: 4/30/2018
  • Entity registrant name: CHINA YUCHAI INTERNATIONAL LTD (CIK: 0000932695)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/932695/000119312518140586/0001193125-18-140586-index.htm
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  • ifrs-full:DisclosureOfLeasePrepaymentsExplanatory

    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  
      

     

     

        

     

     

        

     

     

     

    Total

         392,182        379,816        60,008  
      

     

     

        

     

     

        

     

     

     
         31.12.2016      31.12.2017      31.12.2017  
         RMB’000      RMB’000      US$’000  

    Cost

            

    At January 1 and December 31

         529,577        529,577        83,669  
      

     

     

        

     

     

        

     

     

     

    Accumulated amortization

            

    At January 1

         124,576        137,395        21,707  

    Charge for the year

         12,819        12,366        1,954  
      

     

     

        

     

     

        

     

     

     

    At December 31

         137,395        149,761        23,661  
      

     

     

        

     

     

        

     

     

     

    Net carrying amount

         392,182        379,816        60,008  
      

     

     

        

     

     

        

     

     

     

    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.