WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
124
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
12. PREPAID LEASE PAYMENTS
THE GROUP
2016
2015
HK$’000
HK$’000
COST
At beginning and end of the year
764
764
AMORTISATION
At beginning of the year
158
145
Charge to profit or loss during the year
13
13
At end of the year
171
158
CARRYING AMOUNT
At end of the year
593
606
At beginning of the year
606
619
Represented by:
Current portion
12
12
Non-current portion
581
594
Total
593
606
Prepaid lease payments represent land use rights for 1 plot of land with lease term of 62 years in
the PRC.
