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Deferred Tax Assets And Deferred Tax Liabilities | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Deferred tax assets and deferred tax liabilities |
22 | Deferred tax assets and deferred tax liabilities
Deferred income assets and liabilities of the Group are set out as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |
Deferred tax assets |  |  | 3,358,664 |  |  |  | 4,873,370 |
Deferred tax liabilities |  |  | (5,733,733 | ) |  |  | (833,694 | )
Net amount |  |  | (2,375,069 | ) |  |  | 4,039,676 |
Deferred assets and liabilities not taking into consideration the offsetting of balances are set out as follows:
(a) | The following table sets forth the details of deferred tax assets:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
| RMB’000 |  |  | RMB’000 |
Revenue recognition - differences between accounting and tax book |  |  | — |  |  |  | 1,635,551 |
Provision for asset impairments |  |  | 1,368,693 |  |  |  | 986,943 |
Employee benefit payables |  |  | 626,048 |  |  |  | 751,926 |
Guarantee liabilities |  |  | 187,169 |  |  |  | 674,277 |
Accrued expenses |  |  | 528,660 |  |  |  | 489,544 |
Deductible tax losses |  |  | 581,325 |  |  |  | 194,627 |
Changes in fair value |  |  | 52,470 |  |  |  | 140,242 |
Consolidation adjustments |  |  | 51,959 |  |  |  | 23,581 |
Unexercised share-based payment |  |  | 117,508 |  |  |  | 1,820 |
Others |  |  | 47,093 |  |  |  | 38,075 |
|  |  | 3,560,925 |  |  |  | 4,936,586 |
(b) | Deductible temporary differences and deductible losses that are not recognized as deferred tax assets are analyzed as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |
Deductible temporary differences |  |  | 2,869,537 |  |  |  | 2,720,263 |
Deductible losses |  |  | 1,423,385 |  |  |  | 2,432,434 |
|  |  | 4,292,922 |  |  |  | 5,152,697 |
(c) | Deductible losses that are not recognized as deferred tax assets will expire as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |
2021 |  |  | 7,182 |  |  |  | — |
2022 |  |  | 29,333 |  |  |  | 7,433 |
2023 |  |  | 20,462 |  |  |  | 124,678 |
2024 |  |  | 27,549 |  |  |  | 365,455 |
2025 |  |  | 85,463 |  |  |  | 71,574 |
2026 |  |  | — |  |  |  | 169,894 |
No due date |  |  | 1,253,396 |  |  |  | 1,693,400 |
|  |  | 1,423,385 |  |  |  | 2,432,434 |
(d) | The following table sets forth the movements of the deferred tax asset:
Movements |  | Deductible tax losses |  |  | Provision for asset impairments |  |  | Employee benefit payables |  |  | Accrued expenses |  |  | Unexercised share-based payment |  |  | Guarantee liabilities |  |  | Advertising and business promotion fees |  |  | Revenue recognition - differences between accounting and tax book |  |  | Others (Include changes in fair value ) |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2019 |  |  | 841,114 |  |  |  | 769,748 |  |  |  | 432,919 |  |  |  | 625,986 |  |  |  | 75,801 |  |  |  | 68,479 |  |  |  | 204,749 |  |  |  | — |  |  |  | 286,344 |  |  |  | 3,305,140 |
Credited/(charged) - to profit or loss |  |  | 206,120 |  |  |  | 169,491 |  |  |  | 130,648 |  |  |  | (195,021 | ) |  |  | (456 | ) |  |  | (7,792 | ) |  |  | (204,190 | ) |  |  | — |  |  |  | (213,384 | ) |  |  | (114,584 | )
As of December 31, 2019 |  |  | 1,047,234 |  |  |  | 939,239 |  |  |  | 563,567 |  |  |  | 430,965 |  |  |  | 75,345 |  |  |  | 60,687 |  |  |  | 559 |  |  |  | — |  |  |  | 72,960 |  |  |  | 3,190,556 |
Credited/(charged) - to profit or loss |  |  | (465,909 | ) |  |  | 429,454 |  |  |  | 62,481 |  |  |  | 97,695 |  |  |  | 42,163 |  |  |  | 126,482 |  |  |  | (60 | ) |  |  | — |  |  |  | 78,063 |  |  |  | 370,369 |
As of December 31, 2020 |  |  | 581,325 |  |  |  | 1,368,693 |  |  |  | 626,048 |  |  |  | 528,660 |  |  |  | 117,508 |  |  |  | 187,169 |  |  |  | 499 |  |  |  | — |  |  |  | 151,023 |  |  |  | 3,560,925 |
Credited/(charged) - to profit or loss |  |  | (386,698 | ) |  |  | (381,750 | ) |  |  | 125,878 |  |  |  | (39,116 | ) |  |  | (115,688 | ) |  |  | 487,108 |  |  |  | (499 | ) |  |  | 1,635,551 |  |  |  | 50,875 |  |  |  | 1,375,661 |
As of December 31, 2021 |  |  | 194,627 |  |  |  | 986,943 |  |  |  | 751,926 |  |  |  | 489,544 |  |  |  | 1,820 |  |  |  | 674,277 |  |  |  | — |  |  |  | 1,635,551 |  |  |  | 201,898 |  |  |  | 4,936,586 |
(e) | The following table sets forth for the details of deferred tax liabilities:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |
Unrealized consolidated earnings |  |  | 434,850 |  |  |  | 576,472 |
Intangible assets arisen from business combination |  |  | 452,258 |  |  |  | 211,565 |
Changes in fair value |  |  | 20,469 |  |  |  | 77,271 |
Effective interest adjustment |  |  | 862,035 |  |  |  | 18,045 |
Depreciation of property and equipment |  |  | 8,398 |  |  |  | 13,557 |
Revenue recognition differences between accounting and tax book |  |  | 4,157,984 |  |  |  | — |
|  |  | 5,935,994 |  |  |  | 896,910 |
(f) | The following table sets forth the movements of the deferred tax liabilities:
Movements |  | Revenue recognition differences between accounting and tax book |  |  | Intangible assets arisen from business combination |  |  | Unrealized consolidated earnings |  |  | Effective interest adjustment |  |  | Changes in fair value |  |  | Depreciation of property and equipment |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2019 |  |  | 2,956,906 |  |  |  | 456,281 |  |  |  | 279,653 |  |  |  | 22,757 |  |  |  | 29,650 |  |  |  | 9,990 |  |  |  | 3,755,237 |
Charged/(credited) - to profit or loss |  |  | 1,519,928 |  |  |  | (4,023 | ) |  |  | 15,984 |  |  |  | 237,914 |  |  |  | (12,694 | ) |  |  | (9,974 | ) |  |  | 1,747,135 |
As of December 31, 2019 |  |  | 4,476,834 |  |  |  | 452,258 |  |  |  | 295,637 |  |  |  | 260,671 |  |  |  | 16,956 |  |  |  | 16 |  |  |  | 5,502,372 |
Charged/(credited) - to profit or loss |  |  | (318,850 | ) |  |  | — |  |  |  | 139,213 |  |  |  | 601,364 |  |  |  | 3,513 |  |  |  | 8,382 |  |  |  | 433,622 |
As of December 31, 2020 |  |  | 4,157,984 |  |  |  | 452,258 |  |  |  | 434,850 |  |  |  | 862,035 |  |  |  | 20,469 |  |  |  | 8,398 |  |  |  | 5,935,994 |
Charged/(credited) - to profit or loss |  |  | (4,157,984 | ) |  |  | (240,693 | ) |  |  | 141,622 |  |  |  | (843,990 | ) |  |  | 56,802 |  |  |  | 5,159 |  |  |  | (5,039,084 | )
As of December 31, 2021 |  |  | — |  |  |  | 211,565 |  |  |  | 576,472 |  |  |  | 18,045 |  |  |  | 77,271 |  |  |  | 13,557 |  |  |  | 896,910 |
(g) | The following table sets forth the net balances of deferred tax assets and liabilities after offsetting:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | Offset amount |  |  | Balance after offsetting |  |  | Offset amount |  |  | Balance after offsetting |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Deferred tax assets |  |  | (202,261 | ) |  |  | 3,358,664 |  |  |  | (63,216 | ) |  |  | 4,873,370 |
Deferred tax liabilities |  |  | 202,261 |  |  |  | (5,733,733 | ) |  |  | 63,216 |  |  |  | (833,694 | )

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- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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