Note to Consolidated Statements of Cash flows (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of reconciliation from profit before income tax to cash used in operating activities [Abstract]

Disclosure of Reconciliation From Profit Before Income Tax to Cash Used In Operating Activities

(a)	Reconciliation from profit before income tax expenses to cash generated from operating activities:


	Year ended December 31,
	2019			2020			2021
	RMB’000			RMB’000			RMB’000
Profits before income tax		19,433,841			17,909,505			23,400,178
Adjustments for:
Depreciation of property and equipment		276,266			226,862			193,511
Depreciation of right-of-use assets		509,026			604,018			608,889
Amortization of intangible assets		31,967			31,831			22,234
Share of loss/(profit) of associates and joint ventures		(72,807	)		(14,837	)		31,143
Net gains on sale of property and equipment, and intangible assets		83			184			6,681
Net unrealized losses on financial assets at fair value through profit or loss		732,125			558,044			483,356
Non-cash employee benefits expense—share based payment		(55,443	)		165,248			133,395
Asset impairment losses		134,516			7,168			1,100,882
Credit impairment losses		1,710,617			2,768,499			5,658,259
Finance cost classified as financing activities		1,844,209			3,137,737			1,808,050
Investment income classified as investing activities		(988,429	)		(1,127,006	)		(1,592,319	)
Foreign exchange losses/(gains)		95,947			(192,337	)		(206,753	)

		23,651,918			24,074,916			31,647,506

Change in operating assets and liabilities, net of effects from purchase of controlled entity:
Increase in loans to customers and accounts and other receivables		(34,684,983	)		(68,897,073	)		(101,160,641	)
Increase in accounts and other payables		17,455,647			56,166,868			82,508,406

		6,422,582			11,344,711			12,995,271

Disclosure of Net Decrease in Cash and Cash Equivalents

(b)	Net decrease in cash and cash equivalents


	Year ended December 31,
	2019			2020			2021
	RMB’000			RMB’000			RMB’000
Cash and cash equivalents at the end of the year		7,312,061			23,785,651			26,496,310
Less: Cash and cash equivalents at the beginning of the year		(18,576,090	)		(7,312,061	)		(23,785,651	)

Net increase/(decrease) in cash and cash equivalents		(11,264,029	)		16,473,590			2,710,659

Disclosure of Cash and Cash Equivalents

(c)	Cash and cash equivalents


	Year ended December 31,
	2019			2020			2021
	RMB’000			RMB’000			RMB’000
Cash at bank (Note 16)		7,352,394			24,158,568			34,743,188
Less: Time deposits with original maturities of more than 3 months		(40,374	)		(373,102	)		(8,250,270	)
Add: Provision for impairment losses		41			185			3,392

Cash and cash equivalents at the end of the year		7,312,061			23,785,651			26,496,310

Disclosure of Movements in Net Debt

This section sets out an analysis of net debt and the movements in net debt for each of the years ended December 31, 2019, 2020 and 2021.


	Borrowings			Bond payable			Convertible promissory note payable			Convertible redeemable preferred shares			Lease liabilities			Optionally convertible promissory note			Total
	RMB’000			RMB’000			RMB’000			RMB’000			RMB’000			RMB’000			RMB’000
As of January 1, 2019		4,896,764			289,199			9,134,809			8,935,493			772,960			—			24,029,225
Cash flows		(2,220,683	)		(305,447	)		(100,522	)		530,030			(572,635	)		—			(2,669,257	)
Acquisitions-leases		—			—			—			—			680,594			—			680,594
Foreign exchange adjustments		116,158			—			160,336			156,540			—			—			433,034
Accrued expense		197,623			16,248			819,754			636,835			58,170			—			1,728,630

As of December 31, 2019		2,989,862			—			10,014,377			10,258,898			939,089			—			24,202,226

Cash flows		7,583,729			—			(92,981	)		(928,242	)		(596,575	)		—			5,965,931
C-round restructuring		—			—			—			(9,234,748	)		—			7,762,475			(1,472,273	)
Conversion of Class C ordinary shares to ordinary shares upon IPO		—			—			—			(367,916	)		—			—			(367,916	)
Acquisitions-leases		—			—			—			—			653,251			—			653,251
Disposals-leases		—			—			—			—			(62,913	)		—			(62,913	)
Foreign exchange adjustments		(469,452	)		—			(687,967	)		(262,678	)		—			(359,442	)		(1,779,539	)
Accrued expense		211,306			—			883,759			534,686			46,567			127,509			1,803,827

As of December 31, 2020		10,315,445			—			10,117,188			—			979,419			7,530,542			28,942,594

Cash flows		15,242,903			—			(100,937	)		—			(663,160	)		(446,953	)		14,031,853
Acquisitions-leases		—			—			—			—			501,663			—			501,663
Disposals-leases		—			—			—			—			(62,087	)		—			(62,087	)
Foreign exchange adjustments		(227,077	)		—			(239,754	)		—			—			(173,565	)		(640,396	)
Accrued expense		596,146			—			893,001			—			38,709			495,079			2,022,935

As of December 31, 2021		25,927,417			—			10,669,498			—			794,544			7,405,103			44,796,562