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IPP SOLAR PARKS, INVESTMENT PROPERTY (Tables)
12 Months Ended
Dec. 31, 2017
IPP Solar Parks  
IPP SOLAR PARKS, INVESTMENT PROPERTY  
Schedule of property, plant and equipment

 

 

 

Permits
(including related costs capitalized
in the course of obtaining permits)
and solar parks
under development

 

Completed
solar parks

 

Total

 

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

At January 1, 2015

 

61,877

 

151,481

 

213,358

 

 

 

 

 

 

 

 

 

Additions

 

104,727

 

 

104,727

 

Transfer

 

(126,494

)

126,494

 

 

Exchange adjustments

 

(2,751

)

(15,307

)

(18,058

)

At December 31, 2015

 

37,359

 

262,668

 

300,027

 

 

 

 

 

 

 

 

 

Additions

 

42,895

 

2,575

 

45,470

 

Acquisition of subsidiaries (Note 33)

 

 

34,158

 

34,158

 

Transfer to investment property

 

(104

)

 

(104

)

Reclassified as held for sale (Note 19)

 

 

(60,667

)

(60,667

)

Disposal of subsidiaries (Note 34)

 

 

(18,407

)

(18,407

)

Disposal of solar parks

 

 

(3,671

)

(3,671

)

Transfer

 

(42,330

)

42,330

 

 

Exchange adjustments

 

(1,344

)

2,975

 

1,631

 

At December 31, 2016

 

36,476

 

261,961

 

298,437

 

 

 

 

 

 

 

 

 

Additions

 

36,589

 

110,210

 

146,799

 

Disposal of solar parks

 

(1,979

)

 

(1,979

)

Disposal of subsidiaries (Note a)

 

(669

)

(834

)

(1,503

)

Transfer

 

(17,150

)

17,150

 

 

Exchange adjustments

 

(636

)

4,702

 

4,066

 

 

 

 

 

 

 

 

 

At December 31, 2017

 

52,631

 

393,189

 

445,820

 

DEPRECIATION AND IMPAIRMENT

 

 

 

 

 

 

 

At January 1, 2015

 

270

 

32,478

 

32,748

 

 

 

 

 

 

 

 

 

Provided for the year

 

 

9,229

 

9,229

 

Impairment provided for the year

 

1,706

 

129

 

1,835

 

Exchange adjustments

 

 

(3,208

)

(3,208

)

 

 

 

 

 

 

 

 

At December 31, 2015

 

1,976

 

38,628

 

40,604

 

 

 

 

 

 

 

 

 

Provided for the year

 

 

14,208

 

14,208

 

Impairment provided for the year

 

2,151

 

 

2,151

 

Reclassified as held-for-sale (Note 19)

 

 

(25,983

)

(25,983

)

Disposal of subsidiaries (Note 34)

 

 

(1,560

)

(1,560

)

Disposal of solar parks

 

 

(80

)

(80

)

Exchange adjustments

 

(217

)

(1,939

)

(2,156

)

 

 

 

 

 

 

 

 

At December 31, 2016

 

3,910

 

23,274

 

27,184

 

 

 

 

 

 

 

 

 

Provided for the year

 

 

14,272

 

14,272

 

Impairment provided for the year

 

5,120

 

101

 

5,221

 

Disposal of subsidiaries (Note a)

 

 

(19

)

(19

)

Exchange adjustments

 

357

 

1,400

 

1,757

 

 

 

 

 

 

 

 

 

At December 31, 2017

 

9,387

 

39,028

 

48,415

 

 

 

 

 

 

 

 

 

CARRYING VALUES

 

 

 

 

 

 

 

At December 31, 2015

 

35,383

 

224,040

 

259,423

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

32,566

 

238,687

 

271,253

 

 

 

 

 

 

 

 

 

At December 31, 2017

 

43,244

 

354,161

 

397,405

 

 

 

 

 

 

 

 

 

 

a)

In February 2017, Sky Solar Japan KK(“SSJ”), a wholly-owned subsidiary of the Group, entered into a share purchase agreement  to sell its all shares of Tokyo Solar Electricity KK(“TS”), with total purchase price of JPY 9.3 million (USD83 thousand). This disposal was aimed to maintain the strategy on high-voltage solar business, while TS was operated on low-voltage solar business with small sizes but high costs. The transaction was completed in February 2017, and the Group recorded a loss of USD 5 thousand.