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Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of detailed information about intangible assets [line items] |
Summary of Intangible Assets |
|  | Trademarks and licenses |  |  | Computer software and others |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 1,815,576 |  |  |  | 633,857 |  |  |  | 2,449,433 |
Accumulated amortization |  |  | (5,000 | ) |  |  | (483,649 | ) |  |  | (488,649 | )
Impairment |  |  | — |  |  |  | (64,209 | ) |  |  | (64,209 | )
Net book amount |  |  | 1,810,576 |  |  |  | 85,999 |  |  |  | 1,896,575 |
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Opening net book amount |  |  | 1,810,576 |  |  |  | 85,999 |  |  |  | 1,896,575 |
Additions |  |  | — |  |  |  | 17,718 |  |  |  | 17,718 |
Amortization charge |  |  | — |  |  |  | (31,831 | ) |  |  | (31,831 | )
Closing net book amount |  |  | 1,810,576 |  |  |  | 71,886 |  |  |  | 1,882,462 |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 1,815,576 |  |  |  | 255,063 |  |  |  | 2,070,639 |
Accumulated amortization |  |  | (5,000 | ) |  |  | (118,968 | ) |  |  | (123,968 | )
Impairment |  |  | — |  |  |  | (64,209 | ) |  |  | (64,209 | )
Net book amount |  |  | 1,810,576 |  |  |  | 71,886 |  |  |  | 1,882,462 |
|  | Trademarks and licenses |  |  | Computer software and others |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 1,815,576 |  |  |  | 255,063 |  |  |  | 2,070,639 |
Accumulated amortization |  |  | (5,000 | ) |  |  | (118,968 | ) |  |  | (123,968 | )
Impairment |  |  | — |  |  |  | (64,209 | ) |  |  | (64,209 | )
Net book amount |  |  | 1,810,576 |  |  |  | 71,886 |  |  |  | 1,882,462 |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Opening net book amount |  |  | 1,810,576 |  |  |  | 71,886 |  |  |  | 1,882,462 |
Additions |  |  | — |  |  |  | 3,126 |  |  |  | 3,126 |
Impairment |  |  | (963,948 | ) |  |  | — |  |  |  | (963,948 | )
Amortization charge |  |  | — |  |  |  | (22,234 | ) |  |  | (22,234 | )
Closing net book amount |  |  | 846,628 |  |  |  | 52,778 |  |  |  | 899,406 |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 1,815,576 |  |  |  | 258,189 |  |  |  | 2,073,765 |
Accumulated amortization |  |  | (5,000 | ) |  |  | (141,202 | ) |  |  | (146,202 | )
Impairment |  |  | (963,948 | ) |  |  | (64,209 | ) |  |  | (1,028,157 | )
Net book amount |  |  | 846,628 |  |  |  | 52,778 |  |  |  | 899,406 |
|  | Trademarks and licenses |  |  | Computer software and others |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 1,815,576 |  |  |  | 258,189 |  |  |  | 2,073,765 |
Accumulated amortization |  |  | (5,000 | ) |  |  | (141,202 | ) |  |  | (146,202 | )
Impairment |  |  | (963,948 | ) |  |  | (64,209 | ) |  |  | (1,028,157 | )
Net book amount |  |  | 846,628 |  |  |  | 52,778 |  |  |  | 899,406 |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Opening net book amount |  |  | 846,628 |  |  |  | 52,778 |  |  |  | 899,406 |
Additions |  |  | — |  |  |  | 2,134 |  |  |  | 2,134 |
Disposals |  |  | — |  |  |  | (756 | ) |  |  | (756 | )
Impairment |  |  | — |  |  |  | (403 | ) |  |  | (403 | )
Amortization charge |  |  | — |  |  |  | (15,325 | ) |  |  | (15,325 | )
Closing net book amount |  |  | 846,628 |  |  |  | 38,428 |  |  |  | 885,056 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 1,389,576 |  |  |  | 253,145 |  |  |  | 1,642,721 |
Accumulated amortization |  |  | (5,000 | ) |  |  | (150,105 | ) |  |  | (155,105 | )
Impairment |  |  | (537,948 | ) |  |  | (64,612 | ) |  |  | (602,560 | )
Net book amount |  |  | 846,628 |  |  |  | 38,428 |  |  |  | 885,056 |
Intangible assets other than goodwill [member] |
Disclosure of detailed information about intangible assets [line items] |
Summary of Key Assumptions Used for Value-in-use Calculations | The key assumptions used for value-in-use calculations are as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
Pre-tax discount rates |  |  | 26% |  |  |  | 26% |  |  |  | 21%-25% |
Revenue growth rates |  |  | 3%-275% |  |  |  | 3%-8% |  |  |  | -47%-58% |
Long term growth rate |  |  | 3% |  |  |  | 3% |  |  |  | 2% |
Summary of Recoverable Amount of Cash Generating Units Exceeding Carrying Amount | The recoverable amount of Puhui’s trademark exceeded its carrying amount:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Recoverable amount of the CGU exceeded its carrying amount |  |  | 3,895,059 |  |  |  | 3,795,189 |  |  |  | 4,761,332 |
Summary of Possible Changes of Key Assumptions of Cash Generating Units | The following table sets forth the impact of reasonable possible changes in each of the key assumptions, with all other variables held constant, on Puhui’s trademark right impairment testing at the dates indicated. As shown below, the possible changes of key parameters would not cause the carrying amount of the CGU to exceed its recoverable amount at the dates indicated.
|  | Recoverable amount of the CGU exceeded its carrying amount |
|  | As of December 31, |
Possible changes of key assumptions |  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue growth rate decrease by 5% |  |  | 3,772,487 |  |  |  | 3,711,922 |  |  |  | 4,524,074 |
Pre-tax discount rate plus 1% |  |  | 3,690,604 |  |  |  | 3,597,045 |  |  |  | 4,428,832 |

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