YaSheng Group (HERB)

[RealDutch]

Wow, am I THAT good?

They use the exact same description here, in the DEFM14C. IOW, the plantations...

https://www.sec.gov/Archives/edgar/data/0001123312/000119983515000565/yasheng_defm14c-16686.htm

The cost of Fruit and vegetable base franchise use right is amortized over 20 years, start from April 1, 2010. By the end of 2014, the accumulated amortization is $38 million, the annual amortization amount is $7.5 million. At end of 2014, the amortized cost of the Fruit and vegetable base franchise use right is $114 million.

We can now calculate how much of the booked land use righs is old (the plantations) and how much is newly acquired land (ginkgo and herbs)

Old plantations (June 2021) = 114 - (7.5 * 6.5) = $65M

So exactly half.

Still doesn't explain why amortization was only $277k in 2020 on the new plantations. Perhaps it was under development.