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Leases | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Leases |
25 | Leases
(a) | Amounts recognized in the statement of financial position
The statement of financial position shows the following amounts relating to leases:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
Right-of-use assets |  | RMB’000 |  |  | RMB’000 |
Properties |  |  | 973,547 |  |  |  | 804,990 |
Lease liabilities |  |  | 979,419 |  |  |  | 794,544 |
(b) | Amounts recognized in the statement of profit or loss
The statement of profit or loss shows the following amounts relating to leases:
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
Depreciation charge of right-of-use assets |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Properties |  |  | 509,026 |  |  |  | 604,018 |  |  |  | 608,889 |
Interest expense (included in finance costs) |  |  | 58,170 |  |  |  | 46,567 |  |  |  | 38,709 |
Expense relating to short-term leases (included in operation and servicing expenses; general and administrative expenses; technology and analytics expenses; sales and marketing expenses) |  |  | 61,836 |  |  |  | 115,741 |  |  |  | 55,408 |
Expense relating to leases of low-value assets (included in operation and servicing expenses; general and administrative expenses; technology and analytics expenses; sales and marketing expenses) |  |  | 22,441 |  |  |  | 26,684 |  |  |  | 25,550 |
The total cash outflow for leases for years end December 31, 2019, 2020 and 2021 were RMB660 million, RMB794 million and RMB713 million respectively.
(c) | The Group’s leasing activities and how these are accounted for
The Group leases various offices. Rental contracts are typically made for fixed periods of 1 to 6 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as collateral for borrowing purposes.
(d) | Movement of right-of-use assets
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
| RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Opening net book amount |  |  | 740,240 |  |  |  | 914,960 |  |  |  | 973,547 |
Additions |  |  | 683,746 |  |  |  | 697,403 |  |  |  | 501,663 |
Early termination |  |  | — |  |  |  | (34,798 | ) |  |  | (61,331 | )
Depreciation charge |  |  | (509,026 | ) |  |  | (604,018 | ) |  |  | (608,889 | )
Closing net book amount |  |  | 914,960 |  |  |  | 973,547 |  |  |  | 804,990 |
|  | As of December 31, |
| 2020 |  |  | 2021 |
| RMB’000 |  |  | RMB’000 |
Cost |  |  | 1,731,022 |  |  |  | 1,810,222 |
Accumulated depreciation |  |  | (757,475 | ) |  |  | (1,005,232 | )
Net book amount |  |  | 973,547 |  |  |  | 804,990 |

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2021-03-24 + Details
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