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Glorious Property
116
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
6 Property, Plant and Equipment
(Continued)
COMPANY
RMB’000
Computer
and office
equipment
Furniture,
fitting and
equipment
Leasehold
improvements
Total
Year ended 31 December 2010
Opening net book amount
—
—
—
—
Additions
116
123
320
559
Depreciation
(19)
(21)
(42)
(82)
Closing net book amount
97
102
278
477
At 31 December 2010
Cost
116
123
320
559
Accumulated depreciation
(19)
(21)
(42)
(82)
Net book amount
97
102
278
477
Year ended 31 December 2011
Opening net book amount
97
102
278
477
Disposal
—
(96)
(262)
(358)
Depreciation
(24)
(6)
(16)
(46)
Closing net book amount
73
—
—
73
At 31 December 2011
Cost
116
—
—
116
Accumulated depreciation
(43)
—
—
(43)
Net book amount
73
—
—
73
Construction in progress comprises the land costs, construction costs, borrowing costs and professional fees
incurred during the development period.
As at 31 December 2011 and 2010, all construction in progress were pledged as collateral for the Group’s
borrowings (note 20).
Depreciation charge was capitalised or expensed in the following categories in the consolidated balance sheet and
the consolidated statement of comprehensive income:
RMB’000
2011
2010
Properties under development
628
974
Cost of sales
1,952
1,233
Selling and marketing expenses
1,548
719
Administrative expenses
18,222
10,975
22,350
13,901