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Glorious Property
118
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
8 Intangible Assets
RMB’000
2011
2010
At beginning of the year
3,360
2,087
Addition
—
1,800
Amortisation charge
(527)
(527)
At end of the year
2,833
3,360
At end of the year
Cost
4,300
4,300
Accumulated amortisation
(1,467)
(940)
Net book amount
2,833
3,360
Amortisation charge of RMB527,000 (2010: RMB527,000) was included in the “administrative expenses” in the
consolidated statement of comprehensive income. There was no impairment of the Group’s intangible assets during
the year (2010: Nil).
9 Investment in an Associate
RMB’000
2011
2010
Investment in an associate
6,189
5,851
The Group’s investment in an associate represents the 45% equity interest in Shanghai Chuangmeng International
Architectural Design Co., Ltd.
ɪऎ௴ຑყܔጘணࠇϞࠢʮ̡
(“Shanghai Chuangmeng”). Shanghai Chuangmeng
is an entity established in the PRC.
The following amounts represent the Group’s share of the assets and liabilities, and income and results of the
associate and are included in the Group’s consolidated balance sheet and consolidated statement of comprehensive
income:
RMB’000
2011
2010
Assets
Non-current assets
914
982
Current assets
7,993
6,866
8,907
7,848
Liabilities
Current liabilities
2,718
1,997
Net assets
6,189
5,851
Income
18,158
20,555
Expenses, including income tax
(17,820)
(19,204)
Profit for the year
338
1,351