80
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
3
CRITICAL JUDGEMENTS, ASSUMPTIONS AND ESTIMATION UNCERTAINTIES (CONT’D)
Useful lives of property, plant and equipment
5IF FTUJNBUFT GPS UIF VTFGVM MJWFT BOE SFMBUFE EFQSFDJBUJPO DIBSHFT GPS QSPQFSUZ QMBOU BOE FRVJQNFOU
are based on commercial and production factors which could change significantly as a result of
technical innovations and competitor actions in response to market conditions. The depreciation
charge is increased where useful lives are less than previously estimated, or the carrying amounts
written off or written down for technically obsolete or non-strategic assets that have been abandoned
or sold. It is reasonably possible, based on existing knowledge, that outcomes within the next financial
ZFBS UIBU BSF EJGGFSFOU GSPN BTTVNQUJPOT DPVME SFRVJSF B TJHOJGJDBOU BEKVTUNFOU UP UIF DBSSZJOH BNPVOU
of the balance affected.
5IF DBSSZJOH BNPVOU PG QSPQFSUZ QMBOU BOE FRVJQNFOU JT TFU PVU JO /PUF
Impairment of property, plant and equipment
5IF (SPVQ BTTFTTFT BOOVBMMZ XIFUIFS QSPQFSUZ QMBOU BOE FRVJQNFOU IBWF BOZ JOEJDBUJPO PG JNQBJSNFOU
in accordance with the accounting policy. If indication exists, the recoverable amounts of property,
QMBOU BOE FRVJQNFOU BSF EFUFSNJOFE CBTFE PO IJHIFS PG GBJS WBMVF MFTT DPTUT UP TFMM PS WBMVF JO VTF
DBMDVMBUJPOT 5IFTF DBMDVMBUJPOT SFRVJSF UIF VTF PG KVEHFNFOUT BOE BTTVNQUJPOT BSF BTTFTTFE PO BO
on-going basis and are based on experience and relevant factors, including expectations of future
events that are believed to be reasonable under the circumstances.
5IF DBSSZJOH BNPVOU PG QSPQFSUZ QMBOU BOE FRVJQNFOU JT TFU PVU JO /PUF
4
REVENUE
THE GROUP
2016
2015
$’000
$’000
Rendering of services from hotel operations
172,806
205,973
Rental income
13,896
14,374
Sale of properties
36,585
83,908
0UIFST
3,204
2,765
226,491
307,020
