WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
128
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
15. PROPERTY, PLANT AND EQUIPMENT
– continued
Details of the leasehold properties held by the Group as at March 31, 2016 are set out below:
Description and location
Gross area
Tenure
Use
(sq.ft.)
24/F and parking space Nos. P16 and
25,618
99 years commencing
Storage, office and
P23 on 2/F of Wyler Centre Phase 2
from July 1, 1898
car park
200 Tai Lin Pai Road, Kwai Chung
(Note)
New Territories, Hong Kong
Parking space No. 42 on 2/F of Wyler
N/A
99 years commencing
Car park
Centre Phase 2, 200 Tai Lin Pai Road
from July 1, 1898
Kwai Chung, New Territories, Hong Kong
(Note)
Portion of Unit H, Level 6 and car parking
1,408
60 years commencing
Residential and
space No.108, Maple Court, Shang-Mira
from July 19, 2002
car park
Garden, Hongqiao Road, Shanghai, the PRC
14/F Jinyun Century Buildings, 6033 Shennan
18,542
50 years commencing
Office
Main Road, Futian District, Shenzhen, the PRC
from February 28, 1997
33/F International Corporate City, 3000 North
19,108
50 years commencing
Office
Zhongshan Road, Putuo District, Shanghai, the PRC
from July 30, 2004
Note:
Pursuant to the Sino-British Joint Declaration, the term of the Crown lease was extended to June 30, 2047.
The allocation of leasehold land and building elements cannot be made reliably, hence the
leasehold interests in land is accounted for as property, plant and equipment.
