Annual Report 2018

254 FOR THE YEAR ENDED 31 DECEMBER 2018 　截至二零一八年十二月三十一日止年度 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 綜合財務報告附註 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 19 預付租賃款項 （續） 於二零一七年十一月下旬，滕州東方收 到滕州市國土資源局（「國土資源局」）就 三幅正值閒置，宗地土地面積達 237,855 平方米的土地（「該等土地」）發出的解除 《國有建設用地掛牌出讓成交確認書》通 知書（「解除通知書」）。該等土地是於二 零一零年及二零一一年透過公開競投， 以代價總額為人民幣 81,120,000 元（相 等於約港幣 92,582,000 元）取得，以為 滕州東方擴大生產量及作廠房之用，並 確認為預付租賃款項。滕州東方自購入 起未有利用該等土地及尚未取得相關的 土地使用權證。於二零一七年十二月 三十一日，該預付租賃款項的賬面淨值 約為人民幣 60,623,000 元（相等於約港幣 72,523,000 元）。若施行解除通知書，滕 州東方有可能被要求歸還該等土地，並 沒收附加於該等土地的使用權。本集團 已確認土地預付租賃款項的全部賬面金 額的全部減值。 於二零一八年十二月三十一日，與相關 政府部門就撤銷解除通知的談判仍在進 行中。 19 Prepaid lease payments (continued) In late November 2017, TESC received a notice regarding the rescission of confirmation letter in respect of successful bidding of state-owned land for construction (the “Rescission Notice”) from Tengzhou Municipal State-owned Land Resources Bureau (the “State-owned Land Resources Bureau”) regarding three parcels of idle land with area of brownfield sites reaching 237,855 square meters (the “Lands”). The Lands were acquired through public auctions with a total consideration of RMB81,120,000 (equivalent to approximately HK$92,582,000) as plant site for the expansion of production capacity of TESC in 2010 and 2011 and recognised as prepaid lease payments. However, given the changes in the market of steel cord and strategic review of the expansion plan, TESC has yet to utilise the Lands since its acquisition, nor received the relevant land use right certificates. As at 31 December 2017, the aggregate carrying amount of the prepaid lease payments was RMB60,623,000 (equivalent to approximately HK$72,523,000). If the Rescission Notice is being executed, TESC may possibly be required to surrender the Lands and forfeit the land use rights attached thereto. The Group has recognised a full impairment on the entire carrying amount of the prepaid lease payments for the Lands. As at 31 December 2018, the negotiation with relevant government authorities with an aim to withdraw the Rescission Notice is still underway.