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Deferred Tax Assets And Deferred Tax Liabilities

12 Months Ended

Dec. 31, 2022

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,
		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

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,
		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

(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

(c) Deductible losses that are not recognized 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

(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

(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

(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

(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	)

X

- 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 2022-03-24
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2022-03-24

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