WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
130
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
15. PROPERTY, PLANT AND EQUIPMENT
– continued
Fair value measurement of the Group’s leasehold land and buildings
– continued
Details of the Group’s leasehold land and buildings and information about the fair value hierarchy
are as follows:
Fair value
Fair value
as at
as at
2016
2015
March 31,
March 31,
Level 2
Level 2
2016
2015
HK$’000
HK$’000
HK$’000
HK$’000
Leasehold land and buildings situated in:
– Hong Kong
76,000
76,000
76,000
76,000
– PRC
168,251
183,900
168,251
183,900
244,251
259,900
244,251
259,900
If the leasehold land and buildings had not been revalued, they would have been included in
these consolidated financial statements at historical cost less accumulated depreciation and their
carrying amount would be approximately HK$128,667,000 (2015: HK$138,586,000).
16. LONG-TERM DEPOSITS
THE GROUP
2016
2015
HK$’000
HK$’000
Refundable security deposits
1,697
1,125
Refundable security deposits are mainly deposits placed with the landlords.
