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Right-of-use assets (Tables) | 6 Months Ended
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Dec. 31, 2023
Right-of-use assets |
Schedule of right-of-use assets | The analysis of the net book value of right-of-use assets by class of underlying asset is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Warehouse |  | Land use | ​ | ​
​ | ​ | Property | ​ | equipment | ​ | right | ​ | Total
​ | ​ | RMB’000 | ​ | RMB’000 | ​ | RMB’000 | ​ | RMB’000
​ |  | (i) |  | (ii) |  | (iii) |  | ​
Cost: | ​ |  | ​ |  | ​ | ​ | ​ |
At July 1, 2021 |  | 1,077,417 |  | 11,702 |  | — | ​ | 1,089,119
Acquisition of a subsidiary (Note 28(b)) | ​ | — | ​ | — | ​ | 1,781,595 | ​ | 1,781,595
Additions |  | 337,717 |  | 414 |  | 815 | ​ | 338,946
Derecognition |  | (408,249) |  | (1,470) |  | — | ​ | (409,719)
Exchange adjustments |  | 6,239 |  | 2 |  | — | ​ | 6,241
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2022 |  | 1,013,124 |  | 10,648 |  | 1,782,410 | ​ | 2,806,182
Acquisition of a subsidiary (Note 28(a)) | ​ | 10,467 | ​ | — | ​ | — | ​ | 10,467
Additions |  | 718,845 |  | 143 |  | — | ​ | 718,988
Derecognition |  | (620,305) |  | — |  | — | ​ | (620,305)
Exchange adjustments |  | 35,218 |  | — |  | — | ​ | 35,218
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2023 |  | 1,157,349 |  | 10,791 |  | 1,782,410 | ​ | 2,950,550
Additions | ​ | 622,913 | ​ | — | ​ | — | ​ | 622,913
Derecognition | ​ | (113,564) | ​ | (143) | ​ | — | ​ | (113,707)
Exchange adjustments | ​ | (14,294) | ​ | — | ​ | — | ​ | (14,294)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2023 | ​ | 1,652,404 | ​ | 10,648 | ​ | 1,782,410 | ​ | 3,445,462
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated depreciation: |  |  |  |  |  | ​ | ​ |
At July 1, 2021 |  | (359,888) |  | (1,548) |  | — | ​ | (361,436)
Charge for the year |  | (275,310) |  | (3,765) |  | (30,531) | ​ | (309,606)
Derecognition |  | 243,575 |  | 1,470 |  | — | ​ | 245,045
Exchange adjustments |  | (2,917) |  | (1) |  | — | ​ | (2,918)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2022 |  | (394,540) |  | (3,844) |  | (30,531) | ​ | (428,915)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Charge for the year |  | (285,393) |  | (3,592) |  | (45,208) | ​ | (334,193)
Derecognition |  | 384,771 |  | — |  | — | ​ | 384,771
Exchange adjustments |  | (11,660) |  | — |  | — | ​ | (11,660)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2023 |  | (306,822) |  | (7,436) |  | (75,739) | ​ | (389,997)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Charge for the period | ​ | (215,399) | ​ | (1,784) | ​ | (22,604) | ​ | (239,787)
Derecognition | ​ | 79,886 | ​ | 48 | ​ | — | ​ | 79,934
Exchange adjustments | ​ | 5,248 | ​ | — | ​ | — | ​ | 5,248
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2023 | ​ | (437,087) | ​ | (9,172) | ​ | (98,343) | ​ | (544,602)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impairment: |  |  |  |  |  | ​ | ​ |
At July 1, 2021 |  | (37,796) |  | — |  | — | ​ | (37,796)
Derecognition | ​ | 4,249 | ​ | — | ​ | — | ​ | 4,249
Exchange adjustments |  | (1,131) |  | — |  | — | ​ | (1,131)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2022 |  | (34,678) |  | — |  | — | ​ | (34,678)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reversal |  | 3,800 |  | — |  | — | ​ | 3,800
Derecognition |  | 24,439 |  | — |  | — | ​ | 24,439
Exchange adjustments | ​ | (1,514) | ​ | — | ​ | — | ​ | (1,514)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2023 |  | (7,953) |  | — |  | — | ​ | (7,953)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derecognition | ​ | 7,858 | ​ | — | ​ | — | ​ | 7,858
Exchange adjustments | ​ | 95 | ​ | — | ​ | — | ​ | 95
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2023 | ​ | — | ​ | — | ​ | — | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net book value: |  |  |  |  |  | ​ | ​ | ​
At June 30, 2022 |  | 583,906 |  | 6,804 |  | 1,751,879 | ​ | 2,342,589
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2023 |  | 842,574 |  | 3,355 |  | 1,706,671 | ​ | 2,552,600
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2023 | ​ | 1,215,317 | ​ | 1,476 | ​ | 1,684,067 | ​ | 2,900,860
The analysis of expense items in relation to leases recognized in profit or loss is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | For the six
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | months ended
​ | ​ | For the year ended June 30, | ​ | December 31,
​ |  | 2021 |  | 2022 |  | 2023 |  | 2023
​ |  | RMB’000 |  | RMB’000 |  | RMB’000 | ​ | RMB’000
Depreciation charge of right-of-use assets by class of underlying asset: | ​ | ​ | ​ |  | ​ |  | ​ |
Property |  | 205,344 | ​ | 275,310 |  | 285,393 | ​ | 215,399
Warehouse equipment |  | 8,146 | ​ | 3,765 |  | 3,592 | ​ | 1,784
Land use right | ​ | — | ​ | 30,531 | ​ | 45,208 | ​ | 22,604
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 213,490 | ​ | 309,606 |  | 334,193 | ​ | 239,787
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest on lease liabilities (Note 9) |  | 26,817 | ​ | 32,991 |  | 34,396 | ​ | 25,112
Expense relating to short-term leases and other leases with remaining lease term ending on or before June 30/December 31 |  | 28,656 | ​ | 28,384 |  | 15,322 | ​ | 13,729
Variable lease payments not included in the measurement of lease liabilities |  | 2,846 | ​ | 4,648 |  | 18,614 | ​ | 24,802
COVID-19 rent concessions |  | (42,698) | ​ | (35,548) |  | — | ​ | —
Notes:
(i) | Property – right-of-use assets
The Group leases properties for its self-operated stores, warehouse storage and office space. The leases of self-operated stores and warehouse storage typically run for two to ten years. Leases of offices space typically run for a period of two to five years. As at June 30, 2022, 2023 and December 31, 2023, right-of-use assets related to leased properties for self-operated stores amounted to RMB333,649,000, RMB585,231,000 and RMB998,032,000, respectively. Variable lease payments based on sales Some leases of self-operated stores contain variable lease payments, which typically range from 1% to 18% of the annual or monthly sales that each store makes in excess of a certain breakpoint predetermined with landlord. These terms are common in retail stores in countries such as United states, Canada and Singapore where the Group operates.
(ii) | Warehouse equipment – right-of-use assets
The Group leases warehouse equipment, with lease terms of two to three years.
(iii) | Land use right
The Group acquired the land use right of a parcel of land located in the PRC during the year ended June 30, 2022 through the acquisition of a subsidiary as disclosed in Note 28(b), with an original lease term of 40 years.

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