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Deferred Tax Assets And Deferred Tax Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Deferred tax assets and liabilities [abstract] |
Summary of Deferred Income Assets and Liabilities Net | Deferred income assets and liabilities of the Group are set out as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |
Deferred tax assets |  |  | 4,873,370 |  |  |  | 4,990,352 |
Deferred tax liabilities |  |  | (833,694 | ) |  |  | (694,090 | )
Net amount |  |  | 4,039,676 |  |  |  | 4,296,262 |
Summary of Deferred Tax Assets |
(a) | The following table sets forth the details of deferred tax assets:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
| RMB’000 |  |  | RMB’000 |
Provision for asset impairments |  |  | 986,943 |  |  |  | 1,303,345 |
Guarantee liabilities |  |  | 674,277 |  |  |  | 1,440,842 |
Revenue recognition—differences between accounting and tax book |  |  | 1,635,551 |  |  |  | 1,252,255 |
Employee benefit payables |  |  | 751,926 |  |  |  | 483,747 |
Accrued expenses |  |  | 489,544 |  |  |  | 355,999 |
Deductible tax losses |  |  | 194,627 |  |  |  | 217,501 |
Changes in fair value |  |  | 140,242 |  |  |  | 170,471 |
Others |  |  | 63,476 |  |  |  | 25,360 |
|  | 4,936,586 |  |  | 5,249,520 |
Summary of Deductible Temporary Differences and Deductible Losses that are not Recognized as Deferred Tax Assets |
(b) | Deductible temporary differences and deductible losses that are not recognized as deferred tax assets are analyzed as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |
Deductible temporary differences |  |  | 2,720,263 |  |  |  | 3,792,705 |
Deductible losses |  |  | 2,432,434 |  |  |  | 2,135,395 |
|  |  | 5,152,697 |  |  |  | 5,928,100 |
Summary of Deductible Losses that are not Recognized as Deferred Tax Assets Expiration |
(c) | Deductible losses that are not r e cognized as deferred tax assets will expire as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |
2022 |  |  | 7,433 |  |  |  | 6,149 |
2023 |  |  | 124,678 |  |  |  | 120,824 |
2024 |  |  | 365,455 |  |  |  | 310,412 |
2025 |  |  | 71,574 |  |  |  | 158,783 |
2026 |  |  | 169,894 |  |  |  | 33,382 |
2027 |  |  | — |  |  |  | 263,800 |
No due date |  |  | 1,693,400 |  |  |  | 1,242,045 |
|  |  | 2,432,434 |  |  |  | 2,135,395 |
Summary of Movements in Deferred Tax Asset |
(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 |  |  | Guarantee liabilities |  |  | 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 |
As of January 1, 2020 |  |  | 1,047,234 |  |  |  | 939,239 |  |  |  | 563,567 |  |  |  | 430,965 |  |  |  | 60,687 |  |  |  | — |  |  |  | 148,864 |  |  |  | 3,190,556 |
Credited/(charged) - to profit or loss |  |  | (465,909 | ) |  |  | 429,454 |  |  |  | 62,481 |  |  |  | 97,695 |  |  |  | 126,482 |  |  |  | — |  |  |  | 120,166 |  |  |  | 370,369 |
As of December 31, 2020 |  |  | 581,325 |  |  |  | 1,368,693 |  |  |  | 626,048 |  |  |  | 528,660 |  |  |  | 187,169 |  |  |  | — |  |  |  | 269,030 |  |  |  | 3,560,925 |
Credited/(charged) - to profit or loss |  |  | (386,698 | ) |  |  | (381,750 | ) |  |  | 125,878 |  |  |  | (39,116 | ) |  |  | 487,108 |  |  |  | 1,635,551 |  |  |  | (65,312 | ) |  |  | 1,375,661 |
As of December 31, 2021 |  |  | 194,627 |  |  |  | 986,943 |  |  |  | 751,926 |  |  |  | 489,544 |  |  |  | 674,277 |  |  |  | 1,635,551 |  |  |  | 203,718 |  |  |  | 4,936,586 |
Credited/(charged) - to profit or loss |  |  | 22,874 |  |  |  | 316,402 |  |  |  | (268,179 | ) |  |  | (133,545 | ) |  |  | 766,565 |  |  |  | (383,296 | ) |  |  | (7,887 | ) |  |  | 312,934 |
As of December 31, 2022 |  |  | 217,501 |  |  |  | 1,303,345 |  |  |  | 483,747 |  |  |  | 355,999 |  |  |  | 1,440,842 |  |  |  | 1,252,255 |  |  |  | 195,831 |  |  |  | 5,249,520 |
Summary of Deferred Tax Liabilities |
(e) | The following table sets forth for the details of deferred tax liabilities:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |
Unrealized consolidated earnings |  |  | 576,472 |  |  |  | 672,661 |
Intangible assets arisen from business combination |  |  | 211,565 |  |  |  | 211,565 |
Changes in fair value |  |  | 77,271 |  |  |  | 57,471 |
Effective interest adjustment |  |  | 18,045 |  |  |  | — |
Revenue recognition differences between accounting and tax book |  |  | — |  |  |  | — |
Others |  |  | 13,557 |  |  |  | 11,561 |
|  |  | 896,910 |  |  |  | 953,258 |
Summary of Movements in Deferred Tax Liabilities |
(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 |  |  | Others |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2020 |  |  | 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 |
Charged/(credited) - to profit or loss |  |  | — |  |  |  | — |  |  |  | 96,189 |  |  |  | (18,045 | ) |  |  | (19,800 | ) |  |  | (1,996 | ) |  |  | 56,348 |
As of December 31, 2022 |  |  | — |  |  |  | 211,565 |  |  |  | 672,661 |  |  |  | — |  |  |  | 57,471 |  |  |  | 11,561 |  |  |  | 953,258 |
Summary of Net Balances of Deferred Tax Assets and Liabilities |
(g) | The following table sets forth the net balances of deferred tax assets and liabilities after offsetting:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | Offset amount |  |  | Balance after offsetting |  |  | Offset amount |  |  | Balance after offsetting |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Deferred tax assets |  |  | (63,216 | ) |  |  | 4,873,370 |  |  |  | (259,168 | ) |  |  | 4,990,352 |
Deferred tax liabilities |  |  | 63,216 |  |  |  | (833,694 | ) |  |  | 259,168 |  |  |  | (694,090 | )

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