Note to Consolidated Statements of Cash flows (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2020			2021			2022
	RMB’000			RMB’000			RMB’000
Profits before income tax		17,909,505			23,400,178			13,013,271
Adjustments for:
Depreciation of property and equipment		226,862			193,511			177,799
Depreciation of right-of-use assets		604,018			608,889			578,014
Amortization of intangible assets		31,831			22,234			15,325
Share of loss/(profit) of associates and joint ventures		(14,837	)		31,143			218
Net gains on sale of property and equipment, and intangible assets		184			6,681			24,256
Net unrealized losses on financial assets at fair value through profit or loss		558,044			483,356			212,297
Non-cash employee benefits expense-share based payment		165,248			133,395			45,919
Asset impairment losses		7,168			1,100,882			427,108
Credit impairment losses		2,768,499			5,658,259			11,956,103
Finance cost classified as financing activities		3,137,737			1,808,050			2,502,008
Investment income classified as investing activities		(1,127,006	)		(1,592,319	)		(1,460,167	)
Foreign exchange losses/(gains)		(192,337	)		(206,753	)		877,232

		24,074,916			31,647,506			28,369,383

Change in operating assets and liabilities, net of effects from purchase of controlled entity:
Decrease/(increase) in loans to customers and accounts and other receivables		(68,897,073	)		(101,160,641	)		10,415,490
Increase/(decrease) in accounts and other payables		56,166,868			82,508,406			(24,054,567	)

		11,344,711			12,995,271			14,730,306

Disclosure of Net Increase in Cash and Cash Equivalents

(b)	Net increase in cash and cash equivalents


	Year ended December 31,
	2020			2021			2022
	RMB’000			RMB’000			RMB’000
Cash and cash equivalents at the end of the year		23,785,651			26,496,310			29,537,511
Less: Cash and cash equivalents at the beginning of the year		(7,312,061	)		(23,785,651	)		(26,496,310	)

Net increase in cash and cash equivalents		16,473,590			2,710,659			3,041,201

Disclosure of Cash and Cash Equivalents

(c)	Cash and cash equivalents


	Year ended December 31,
	2020			2021			2022
	RMB’000			RMB’000			RMB’000
Cash at bank (Note 16)		24,158,568			34,743,188			43,882,127
Less: Time deposits with original maturities of more than 3 months		(373,102	)		(8,250,270	)		(14,346,731	)
Add: Provision for impairment losses		185			3,392			2,115

Cash and cash equivalents at the end of the year		23,785,651			26,496,310			29,537,511

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, 2020, 2021 and 2022.


	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, 2020		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

Cash flows		8,675,099			2,010,782		(3,863,265	)		—			(604,172	)		(493,134	)		5,725,310
Redemption of convertible promissory notes		—			—		(3,697,127	)		—			—			—			(3,697,127	)
Acquisitions-leases		—			—		—			—			589,488			—			589,488
Disposals-leases		—			—		—			—			(72,455	)		—			(72,455	)
Foreign exchange adjustments		772,437			75,524		1,009,422			—			—			709,192			2,566,575
Accrued expense		1,540,560			57,042		1,045,611			—			41,402			521,747			3,206,362

As of December 31, 2022		36,915,513			2,143,348		5,164,139			—			748,807			8,142,908			53,114,715