Annual Report 2019

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2019 108 The United Laboratories International Holdings Limited Annual Report 2019 17. PROPERTY, PLANT AND EQUIPMENT (Continued) The above items of property, plant and equipment, except for construction in progress, are depreciated on a straight-line basis at the following rates per annum: Leasehold land and buildings Over the lease term Plant and machinery 5% – 20% Furniture, fixtures and equipment 20% – 25% Motor vehicles 20% – 25% The carrying amount of land and buildings shown above comprises properties situated on: 2019 2018 RMB’000 RMB’000 Leasehold land and buildings in Hong Kong 70,458 73,074 Buildings in the PRC 3,064,196 3,138,164 3,134,654 3,211,238 Note: At 31 December 2019, the Group was in the process of obtaining the real estate ownership certificate for building in the PRC with an aggregate carrying amount of RMB645,752,000 (2018: RMB1,649,724,000). At 31 December 2018, the carrying value of plant and machinery of RMB3,239,149,000 included an amount of RMB275,701,000 in respect of assets held under finance leases.