Annual Report 2021

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2021 104 The United Laboratories International Holdings Limited Annual Report 2021 17. PROPERTY, PLANT AND EQUIPMENT (Continued) The above items of property, plant and equipment less their residual values over their estimated useful lives, 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: 2021 2020 RMB’000 RMB’000 Leasehold land and buildings in Hong Kong 65,330 67,800 Buildings in the PRC 2,995,603 3,081,396 3,060,933 3,149,196 Note: At 31 December 2021, the Group was in the process of obtaining the real estate ownership certificate for buildings in the PRC with an aggregate carrying amount of RMB619,039,000 (2020: RMB667,439,000).