Land use right, net

12 Months Ended

Dec. 31, 2022

ZHEJIANG TIANLAN

Land use right, net

11. Land use right, net

	December 31,
	2022			2021
	RMB’000			RMB’000
Gross carrying amount
Land use right		7,361			7,361
Less: Accumulated amortization		(2,511	)		(2,364	)
Net carrying amount		4,850			4,997

	Year ended December 31,
	2022		2021		2020
	RMB’000		RMB’000		RMB’000
Amortization expense		150		150		159

At December 31, 2022, the land use right pledged as security for the Company’s bank loans and third party’s loans amounted to approximately RMB1,417,000 (2021: RMB1,463,000).

As December 31, 2022, estimated future land use right amortization expense for each of the next five years and thereafter was as follows:

	Future amortization expense
	RMB’000
2023		150
2024		150
2025		150
2026		150
2027		150
Thereafter		4,100
Total		4,850