Land use right, net

12 Months Ended

Dec. 31, 2019

ZHEJIANG TIANLAN

Land use right, net

	December 31,
	2019			2018
	RMB’000			RMB’000
Gross carrying amount
Land use right		7,361			7,361
Less: Accumulated amortization		(2,070	)		(1,921	)
Net carrying amount		5,291			5,440

	Year ended December 31,
	2019		2018		2017
	RMB’000		RMB’000		RMB’000
Amortization expense		149		149		149

At December 31, 2019, the land use right pledged as security for the Company’s bank loans and third party’s loans amounted to approximately RMB5,291,000 (2018: RMB5,440,000).

As of December 31, 2019, estimated future land use right amortization expense for the each of the next five years and thereafter was as follows:

	Future amortization expense
	RMB’000
2020		149
2021		149
2022		149
2023		149
2024		149
Thereafter		4,546
Total		5,291