NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
89
CITIC ENVIROTECH LTD.
Annual
Report
2015
8 SERVICE CONCESSION RECEIVABLES (cont’d)
The maturity analysis of service concession receivables that are:
Group
December
31,
March
31,
2015
2015
$’000
$’000
In operation:
On demand or within one year
4,342
4,776
In the second to fifth year inclusive
20,492
18,320
After five years
398,231 313,947
Total
423,065 337,043
Under construction
86,096 52,547
Total service concession receivables
509,161 389,590
The significant aspects of the service concession arrangements are as follows:
(a)
The arrangements are 20 to 30 years concession arrangements for waste water treatment
and water supply with the respective municipal governments under INT FRS 112
Service
Concession Arrangements
. The Group has a total of 24 (March 31, 2015 : 19) service
concession arrangements as the end of the reporting period.
