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Investment in joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2017
Text Block1 [Abstract] |
Share of Results of Joint Ventures and Carrying Amount of Investment to Joint Ventures |
|  | 31.12.2015 |  |  | 31.12.2016 |  |  | 31.12.2017 |  |  | 31.12.2017 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Share of (loss)/profit of joint ventures, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd. |  |  | (8,978 | ) |  |  | 2,039 |  |  |  | 17,755 |  |  |  | 2,805 |
Copthorne Hotel Qingdao Co., Ltd. (i) |  |  | 6,941 |  |  |  | (4,465 | ) |  |  | — |  |  |  | — |
MTU Yuchai Power Co., Ltd. |  |  | — |  |  |  | — |  |  |  | (8,487 | ) |  |  | (1,341 | )
Other joint ventures |  |  | (899 | ) |  |  | (1,642 | ) |  |  | 814 |  |  |  | 129 |
|  |  | (2,936 | ) |  |  | (4,068 | ) |  |  | 10,082 |  |  |  | 1,593 |
|  | 31.12.2016 |  |  | 31.12.2017 |  |  | 31.12.2017 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Carrying amount of investments: |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd. |  |  | 169,064 |  |  |  | 122,235 |  |  |  | 19,312 |
MTU Yuchai Power Co., Ltd. |  |  | — |  |  |  | 66,513 |  |  |  | 10,509 |
Other joint ventures |  |  | 7,287 |  |  |  | 7,354 |  |  |  | 1,162 |
|  |  | 176,351 |  |  |  | 196,102 |  |  |  | 30,983 |
Note:
| (i) | Since February 23, 2016, the investment in Copthorne Hotel Qingdao Co., Ltd had been classified as asset held for sale in view of proposed disposal. The disposal was completed on October 19, 2017. (Refer to Note 22 for details).
Interest in Joint Ventures | The Group has interests in the following joint ventures:
Name of company |  | Principal activities |  | Place of incorporation/ business |  |  | Group’s effective equity interest |
|  |  |  |  |  |  | 31.12.2016 |  |  | 31.12.2017 |
|  |  |  |  |  |  | % |  |  | % |
Held by subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |
Copthorne Hotel Qingdao Co., Ltd. (“Copthorne Qingdao”) |  | Owns and operates a hotel in Qingdao, PRC |  |  | People’s Republic of China |  |  |  | 30.1 |  |  |  | — |
HL Heritage Sdn. Bhd. |  | Property development and property investment holdings |  |  | Malaysia |  |  |  | 30.1 |  |  |  | 30.1 |
Shanghai Hengshan Equatorial Hotel Management Co., Ltd. |  | Hotel and property management |  |  | People’s Republic of China |  |  |  | 24.6 |  |  |  | 24.6 |
Y & C Engine Co., Ltd (“Y&C”) |  | Manufacture and sale of heavy duty diesel engines, spare parts and after-sales services |  |  | People’s Republic of China |  |  |  | 34.4 |  |  |  | 34.4 |
Guangxi Yineng IOT Science & Technology Co., Ltd. |  | Design, development, management and marketing of an electronic operations management platform |  |  | People’s Republic of China |  |  |  | 15.3 |  |  |  | 15.3 |
MTU Yuchai Power Co., Ltd (“MTU Yuchai Power”) (i) |  | Manufacture off-road diesel engines |  |  | People’s Republic of China |  |  |  | — |  |  |  | 38.2 |
Note:
| (i) | MTU Yuchai Power was incorporated on January 18, 2017. During 2017, Yuchai had invested RMB 75.0 million (US$ 11.8 million) into the joint venture.
Summarized Financial Information of Joint Ventures and Reconciliation with Carrying Amount of Investment in Consolidated Financial Statements | The summarized financial information of the joint ventures, based on their IFRS financial statements, and reconciliation with the carrying amount of the investment in consolidated financial statements are set out below:
|  | 31.12.2015 |
|  | Y & C |  |  | Copthorne Qingdao |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 356,697 |  |  |  | 50,971 |  |  |  | 407,668 |
Depreciation and amortization |  |  | (23,453 | ) |  |  | (12,079 | ) |  |  | (35,532 | )
Interest expense |  |  | (19,612 | ) |  |  | (8,599 | ) |  |  | (28,211 | )
Loss for the year, representing total comprehensive loss for the year |  |  | (19,952 | ) |  |  | (20,311 | ) |  |  | (40,263 | )
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 60 | % |  |  |  |
Group’s share of loss |  |  | (8,978 | ) |  |  | (12,187 | ) |  |  |  |
Depreciation arising from fair value adjustment during purchase price allocation |  |  | — |  |  |  | (2,804 | ) |  |  |  |
Reversal of cumulative impairment loss |  |  | — |  |  |  | 21,932 |  |  |  |  |
Group’s share of (loss)/profit of significant joint ventures |  |  | (8,978 | ) |  |  | 6,941 |  |  |  | (2,037 | )
Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  | (899 | )
Group’s share of loss for the year, representing the Group’s share of total comprehensive loss for the year |  |  |  |  |  |  |  |  |  |  | (2,936 | )
|  | 31.12.2016 |
|  | Y & C |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |
Non-current assets |  |  | 616,397 |  |  |  | 616,397 |
Current assets |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 99,014 |  |  |  | 99,014 |
- Others |  |  | 215,246 |  |  |  | 215,246 |
Total assets |  |  | 930,657 |  |  |  | 930,657 |
Non-current liabilities |  |  | (60,382 | ) |  |  | (60,382 | )
Current liabilities |  |  |  |  |  |  |  |
- Interest-bearing loans and borrowings |  |  | (68,800 | ) |  |  | (68,800 | )
- Others |  |  | (425,777 | ) |  |  | (425,777 | )
Total liabilities |  |  | (554,959 | ) |  |  | (554,959 | )
Equity |  |  | 375,698 |  |  |  | 375,698 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  |  |
Group’s share of net assets |  |  | 169,064 |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 169,064 |  |  |  | 169,064 |
Carrying amount of other joint ventures |  |  |  |  |  |  | 7,287 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  | 176,351 |
|  | 2016 |
|  | Y & C |  |  | Copthorne Qingdao* |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 553,878 |  |  |  | 3,674 |  |  |  | 557,552 |
Depreciation and amortization |  |  | (22,087 | ) |  |  | (2,797 | ) |  |  | (24,884 | )
Interest expense |  |  | (14,012 | ) |  |  | (1,337 | ) |  |  | (15,349 | )
Profit/(loss) for the year, representing total comprehensive loss for the year |  |  | 4,531 |  |  |  | (6,664 | ) |  |  | (2,133 | )
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 60 | % |  |  |  |
Group’s share of profit/(loss) |  |  | 2,039 |  |  |  | (3,998 | ) |  |  |  |
Depreciation arising from fair value adjustment during purchase price allocation |  |  | — |  |  |  | (467 | ) |  |  |  |
Group’s share of profit/(loss) of significant joint ventures |  |  | 2,039 |  |  |  | (4,465 | ) |  |  | (2,426 | )
Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  | (1,642 | )
Group’s share of loss for the year, representing the Group’s share of total comprehensive loss for the year |  |  |  |  |  |  |  |  |  |  | (4,068 | )
| * | On February 23, 2016, the investment in Copthorne Qingdao was classified as asset held for sale. Accordingly, the information presented includes the results of Copthorne Qingdao only for the period from January 1, 2016 to February 23, 2016.
|  | 31.12.2017 |
|  | Y & C |  |  | MTU |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Non-current assets |  |  | 734,270 |  |  |  | 32,015 |  |  |  | 766,285 |  |  |  | 121,068 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 199,925 |  |  |  | 113,055 |  |  |  | 312,980 |  |  |  | 49,449 |
- Others |  |  | 367,293 |  |  |  | 22,775 |  |  |  | 390,068 |  |  |  | 61,628 |
Total assets |  |  | 1,301,488 |  |  |  | 167,845 |  |  |  | 1,469,333 |  |  |  | 232,144 |
Non-current liabilities |  |  | (13,543 | ) |  |  | — |  |  |  | (13,543 | ) |  |  | (2,140 | )
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Interest-bearing loans and borrowings |  |  | (13,500 | ) |  |  | — |  |  |  | (13,500 | ) |  |  | (2,133 | )
- Others |  |  | (842,765 | ) |  |  | (34,820 | ) |  |  | (877,585 | ) |  |  | (138,652 | )
Total liabilities |  |  | (869,808 | ) |  |  | (34,820 | ) |  |  | (904,628 | ) |  |  | (142,925 | )
Equity |  |  | 431,680 |  |  |  | 133,025 |  |  |  | 564,705 |  |  |  | 89,219 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  |  |  |  |  |  |
Group’s share of net assets |  |  | 194,256 |  |  |  | 66,513 |  |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (72,021 | ) |  |  | — |  |  |  |  |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 122,235 |  |  |  | 66,513 |  |  |  | 188,748 |  |  |  | 29,821 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  | 7,354 |  |  |  | 1,162 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  | 196,102 |  |  |  | 30,983 |
|  | 31.12.2017 |
|  | Y & C |  |  | MTU |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Revenue |  |  | 1,331,823 |  |  |  | — |  |  |  | 1,331,823 |  |  |  | 210,419 |
Depreciation and amortization |  |  | (20,831 | ) |  |  | (227 | ) |  |  | (21,058 | ) |  |  | (3,327 | )
Interest expense |  |  | (28,663 | ) |  |  | (343 | ) |  |  | (29,006 | ) |  |  | (4,583 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | 55,982 |  |  |  | (16,973 | ) |  |  | 39,009 |  |  |  | 6,163 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  |  |  |  |  |  |
Group’s share of profit |  |  | 25,192 |  |  |  | (8,487 | ) |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (7,437 | ) |  |  | — |  |  |  |  |  |  |  |  |
Group’s share of profit of significant joint ventures |  |  | 17,755 |  |  |  | (8,487 | ) |  |  | 9,268 |  |  |  | 1,464 |
Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  | 814 |  |  |  | 129 |
Group’s share of profit for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  | 10,082 |  |  |  | 1,593 |

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- Definition The disclosure of share of results of joint ventures and carrying amount of investment to joint ventures. + References No definition available. + Details
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