XML 80 R68.htm IDEA: XBRL DOCUMENT

Acquisition of subsidiaries (Tables)

6 Months Ended

Dec. 31, 2023

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 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

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