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Acquisition of subsidiaries | 6 Months Ended
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Dec. 31, 2023
Acquisition of subsidiaries |
Acquisition of subsidiaries | 28 Acquisition of subsidiaries (a)Business combination On November 30, 2022, the Group acquired 90% of shares and voting rights in MINISO VIETNAM LIMITED LIABILITY COMPANY from a third party, at a cash consideration of VND3,097,377,000 (equivalent to RMB893,000). The following summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition: ​
​ | ​ | ​
​ |  | RMB’000
Property, plant and equipment |  | 1,339
Right-of-use assets | ​ | 10,467
Inventories | ​ | 11,573
Trade and other receivables |  | 12,852
Cash and cash equivalents |  | 5,461
Trade and other payables |  | (25,387)
Lease liabilities |  | (15,313)
​ | ​ | ​
Total identifiable net assets acquired | ​ | 992
Less: non-controlling interest |  | (99)
Total consideration transferred |  | 893
​ The revenue and profit included in the consolidated statement of profit or loss from the acquisition date to June 30, 2023 contributed by MINISO VIETNAM LIMITED LIABILITY COMPANY was RMB44,036,000 and RMB274,000 respectively. (b)Acquisition of assets and liabilities through acquisition of a subsidiary In December 2020, the Company formed the entity YGF Investment V Limited (“YGF Investment”) in the BVI together with YGF MC Limited, a company controlled by the Controlling Shareholders, to acquire the right to use a parcel of land in the PRC and to build a new headquarters building through the YGF Investment’s subsidiary in the PRC. The Company and YGF MC Limited held 20% and 80% of the shares of YGF Investment, respectively. As of June 30, 2021, the Company had invested RMB356,000,000 in YGF Investment by cash and accounted for its investment using the equity method of accounting. On October 27, 2021, the Company acquired the 80% interest previously held by YGF MC Limited in YGF Investment, which became a wholly-owned subsidiary of the Group, at a cash consideration of RMB694,479,000. The cash consideration was determined below: ​
​ | ​ | ​
​ |  | RMB’000
Consideration for 80% equity interest in YGF Investment |  | 1,375,600
Less: the amount of unpaid share capital of YGF MC Limited |  | (1,001,051)
Net consideration for 80% equity (via payment to YGF MC Limited) |  | 374,549
Settlement of the amount due to fellow subsidiary of YGF MC Limited (via additional capital injection into YGF Investment by the Company) |  | 319,930
​ |  | 694,479
​ Upon completion of the acquisition on October 27, 2021, YGF Investment became a wholly-owned subsidiary of the Group. The major assets of YGF Investment comprised the land use right and prepayments for the construction project of a new headquarters building, for which no substantive progress was made as at the date of acquisition. The directors of the Company determined that the acquisition of assets and liabilities through acquisition of a subsidiary does not constitute a business combination. As such transaction is a step acquisition, the carrying amount of the previously owned 20% equity interest was included as part of the cost of the acquisition and was not remeasured at the date of acquisition. The following summarizes the amounts of assets and liabilities recognized in Group’s consolidated financial statements at the date of acquisition:
​ | ​ | ​
​ |  | RMB’000
Property, plant and equipment |  | 10,290
Right-of-use assets |  | 1,781,595
Prepayments for construction project |  | 200,000
Trade and other receivables |  | 58
Cash and cash equivalents |  | 10,996
Trade and other payables |  | (964,558)
​ | ​ | ​
Total identifiable net assets acquired |  | 1,038,381
​ Total acquisition cost for the above net assets: ​
​ | ​ | ​
​ |  | RMB’000
Cash consideration |  | 694,479
Add: carrying amount of the Group’s previously held equity interest in YGF Investment at the date of acquisition |  | 343,902
​ |  | 1,038,381
​ Analysis of net cash outflow of cash and cash equivalents in respect of the acquisition of YGF Investment:
​ | ​ | ​
​ |  | RMB’000
Cash considerations paid |  | 694,479
Less: cash and cash equivalents acquired |  | (10,996)
Net cash outflow |  | 683,483
​ The value of each identifiable assets and liabilities acquired was determined by the directors of the Company with reference to the valuation carried out by an independent valuer, Jones Lang LaSalle.

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