CTRP » Topics » 5. LAND USE RIGHTS

This excerpt taken from the CTRP 20-F filed Apr 29, 2008.

5. LAND USE RIGHTS

Land use rights are related to the payment to acquire land use rights of total cost RMB68,269,734 for approximately 17,000 square meters of land in Shanghai, on which the Group built the aforementioned new information and technology center. According to land use right policy in the PRC, the Company has a 50-year use right over the land, which is used as the basis for amortization. Amortization expense for the years ended December 31, 2006 and 2007 was RMB1,820,526 and RMB1,365,394, respectively. As of December 31, 2006 and 2007, the net book value was RMB66,449,208 and RMB65,083,814, respectively.

This excerpt taken from the CTRP 20-F filed Apr 12, 2007.

5. LAND USE RIGHTS

Land use rights are related to the payment to acquire land use rights of total cost RMB68,269,734 for approximately 17,000 square meters of land in Shanghai, on which the Group have been building the aforementioned new information and technology center. According to land use right policy in the PRC, the Company has a 50-year use right over the land, which is used as the basis for amortization. As of December 31, 2006, accumulated amortization and current year amortization was RMB1,820,526, and the net book value was RMB66,449,208.

EXCERPTS ON THIS PAGE:

20-F
Apr 29, 2008
20-F
Apr 12, 2007
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