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Parent company only condensed financial information | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Parent company only condensed financial information |
46 | Parent company only condensed financial information
Parent Company only financial statements have been provided pursuant to the requirements of Securities and Exchange Commission Regulation S-X Rule 12-04(a), which require condensed financial information as to financial position, cash flows and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented, as the restricted net assets of the Company’s consolidated subsidiaries, including VIEs, as of December 31, 2021 exceeded the 25% threshold, using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Company uses the equity method to account for investments in its subsidiaries and VIEs. Certain information and footnote disclosures generally included in financial statements prepared in accordance with IFRSs have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Comp a ny, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company. Condensed Statements of Comprehensive Income
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Investment income |  |  | 183,099 |  |  |  | 113,793 |  |  |  | 60,006 |
Income from subsidiaries and VIEs |  |  | 14,665,234 |  |  |  | 15,149,508 |  |  |  | 18,035,463 |
Total income |  |  | 14,848,333 |  |  |  | 15,263,301 |  |  |  | 18,095,469 |
General and administrativ e expenses |  |  | (21,960 | ) |  |  | (91,233 | ) |  |  | (113,056 | )
Credit impairment losses |  |  | (3,663 | ) |  |  | (6,314 | ) |  |  | 2,210 |
Finance costs |  |  | (1,469,465 | ) |  |  | (2,901,518 | ) |  |  | (1,380,292 | )
Other gains/(losses) - net |  |  | (20,814 | ) |  |  | 89,878 |  |  |  | 202,562 |
Total expenses |  |  | (1,515,902 | ) |  |  | (2,909,187 | ) |  |  | (1,288,576 | )
Income before income tax expenses |  |  | 13,332,431 |  |  |  | 12,354,114 |  |  |  | 16,806,893 |
Less: Income tax expenses |  |  | — |  |  |  | — |  |  |  | (2,513 | )
Net profit for the year |  |  | 13,332,431 |  |  |  | 12,354,114 |  |  |  | 16,804,380 |
Net profit attributable to: |  |  |  |  |  |  |  |  |  |  |  |
Owners of the Company |  |  | 13,332,431 |  |  |  | 12,354,114 |  |  |  | 16,804,380 |
Other comprehensive income/(loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
-Exchange differences on translation of foreign operations |  |  | (176,833 | ) |  |  | 614,399 |  |  |  | 28,402 |
Total comprehensive income for the year |  |  | 13,155,598 |  |  |  | 12,968,513 |  |  |  | 16,832,782 |
Total comprehensive income attributable to: |  |  |  |  |  |  |  |  |  |  |  |
Owners of the Company |  |  | 13,155,598 |  |  |  | 12,968,513 |  |  |  | 16,832,782 |
Condensed Stat e ments of Financial Position
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |
ASSETS |  |  |  |  |  |  |  |
Cash at bank |  |  | 5,909,811 |  |  |  | 1,813,616 |
Financial assets at fair value through profit or loss |  |  | — |  |  |  | 383,888 |
Financial assets at amortized cost |  |  | 15,933,939 |  |  |  | 8,846,623 |
Accounts and other receivables and contract assets |  |  | 350,584 |  |  |  | 4,641,662 |
Investments accounted for using the equity method |  |  | 77,536,740 |  |  |  | 95,872,302 |
Total assets |  |  | 99,731,074 |  |  |  | 111,558,091 |
LIABILITIES |  |  |  |  |  |  |  |
Borrowings |  |  | 355,203 |  |  |  | 319,926 |
Accounts and other payables and contract liabilities |  |  | 168,333 |  |  |  | 74,928 |
Convertible promissory note payable |  |  | 10,117,188 |  |  |  | 10,669,498 |
Optionally convertible promissory notes |  |  | 7,530,542 |  |  |  | 7,405,103 |
Other liabilities |  |  | — |  |  |  | 34,941 |
Total liabilities |  |  | 18,171,266 |  |  |  | 18,504,396 |
EQUITY |  |  |  |  |  |  |  |
Share capital |  |  | 77 |  |  |  | 75 |
Share premium |  |  | 33,213,426 |  |  |  | 33,365,786 |
Treasury shares |  |  | (2 | ) |  |  | (5,560,104 | )
Other reserves |  |  | 7,418,710 |  |  |  | 9,304,995 |
Retained earnings |  |  | 40,927,597 |  |  |  | 55,942,943 |
Total equity |  |  | 81,559,808 |  |  |  | 93,053,695 |
Total liabilities and equity |  |  | 99,731,074 |  |  |  | 111,558,091 |
Condensed Statements of Cash Flows
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Cash used in op e rating activities |  |  | (28,986 | ) |  |  | (98,869 | ) |  |  | (105,253 | )
Net cash generated from/(used in) operating activities |  |  | (28,986 | ) |  |  | (98,869 | ) |  |  | (105,253 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Capital contribution to consolidated entities |  |  | (1,839,399 | ) |  |  | (1,898,193 | ) |  |  | (109,635 | )
Payment for advances to consolidated entities |  |  | (5,754,349 | ) |  |  | (9,456,072 | ) |  |  | (3,689,678 | )
Receipts of repayment of the advances from consolidated entities |  |  | 4,969,062 |  |  |  | 2,374,680 |  |  |  | 7,249,502 |
Proceeds from sale of investment assets |  |  | 911 |  |  |  | 1,875 |  |  |  | 6,522 |
Payment for acquisition of investment assets |  |  | (2,345 | ) |  |  | — |  |  |  | (383,798 | )
Net cash generated from/(used in) investing activities |  |  | (2,626,120 | ) |  |  | (8,977,710 | ) |  |  | 3,072,913 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of shares and other equity securities |  |  | 542,903 |  |  |  | 17,343,739 |  |  |  | — |
Proceeds from exercise of share-based payment |  |  | — |  |  |  | — |  |  |  | 43,456 |
Proceeds from borrowings |  |  | 1,410,660 |  |  |  | — |  |  |  | 319,535 |
Repayment of interest expenses and borrowings |  |  | (99,265 | ) |  |  | (2,162,653 | ) |  |  | (925,233 | )
Payment for repurchase of ordinary shares |  |  | — |  |  |  | — |  |  |  | (6,438,455 | )
Other financing activities |  |  | (50,072 | ) |  |  | (4,745 | ) |  |  | (1,131 | )
Net cash generated from/(used in) financing activities |  |  | 1,804,226 |  |  |  | 15,176,341 |  |  |  | (7,001,828 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | 6,306 |  |  |  | (336,426 | ) |  |  | (62,027 | )
Net increase/(decrease) in cash and cash equivalents |  |  | (844,574 | ) |  |  | 5,763,336 |  |  |  | (4,096,195 | )
Add: Cash and cash equivalents at the beginning of the year |  |  | 991,049 |  |  |  | 146,475 |  |  |  | 5,909,811 |
Cash and cash equivalents at the end of the year |  |  | 146,475 |  |  |  | 5,909,811 |  |  |  | 1,813,616 |

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- Definition The entire disclosure for separate financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS27_g15-17_TI -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2021-01-01 -Section Objective -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS12_g1-4_TI -URIDate 2021-03-24 + Details
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