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Investments in subsidiaries (Tables) | 12 Months Ended
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Dec. 31, 2017
Text Block1 [Abstract] |
Details of Significant Subsidiaries of the Group | Details of significant subsidiaries of the Group are as follows:
Name of significant subsidiary |  | Place of incorporation/ business |  | Group’s effective equity interest |
|  |  |  | 31.12.2016 |  |  | 31.12.2017 |
|  |  |  | % |  |  | % |
Guangxi Yuchai Machinery Company Limited |  | People’s Republic of China |  |  | 76.4 |  |  |  | 76.4 |
Guangxi Yuchai Machinery Monopoly Development Co., Ltd |  | People’s Republic of China |  |  | 54.9 |  |  |  | 54.9 |
Guangxi Yuchai Accessories Manufacturing Company Limited |  | People’s Republic of China |  |  | 76.4 |  |  |  | 76.4 |
Guangxi Yuchai Equipment Mould Company Limited (formerly known as Guangxi Yulin Yuchai Accessories Manufacturing Company Limited) |  | People’s Republic of China |  |  | 76.4 |  |  |  | 76.4 |
Guangxi Yulin Hotel Company Limited |  | People’s Republic of China |  |  | 76.4 |  |  |  | 76.4 |
Jining Yuchai Engine Company Limited (i) |  | People’s Republic of China |  |  | — |  |  |  | 76.4 |
Yuchai Remanufacturing Services (Suzhou) Co., Ltd. |  | People’s Republic of China |  |  | 76.4 |  |  |  | 76.4 |
HL Global Enterprises Limited |  | Singapore |  |  | 50.2 |  |  |  | 50.2 |
Note:
| (i) | In September, 2014, Yuchai disposed its 70% equity interest in Jining Yuchai. Subsequently, through contractual arrangements, Yuchai obtained 100% control in Jining Yuchai.
In November, 2017, Yuchai acquired 100% equity interest in Jining Yuchai, As a result, Jining Yuchai became a wholly owned subsidiary of Yuchai. For details, please refer to Note 1.2.
Subsidiary having Non-controlling Interests that are Material to the Group | The Group has the following subsidiary that has non-controlling interests (“NCI”) that are material to the Group.
|  | 31.12.2015 |  |  | 31.12.2016 |  |  | 31.12.2017 |
Proportion of equity interest held by NCI |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 23.6 | % |  |  | 23.6 | % |  |  | 23.6 | %
|  | 31.12.2015 RMB’000 |  |  | 31.12.2016 RMB’000 |  |  | 31.12.2017 RMB’000 |  |  | 31.12.2017 US$’000 |
Accumulated balances of material NCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  |  |  |  |  | 2,253,207 |  |  |  | 2,437,215 |  |  |  | 385,063 |
Profit allocated to material NCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 129,088 |  |  |  | 210,013 |  |  |  | 290,497 |  |  |  | 45,896 |
Dividends paid to material NCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 100,412 |  |  |  | 83,677 |  |  |  | 98,941 |  |  |  | 15,632 |
Summarized Financial Information Including Goodwill on Acquisition and Consolidation Adjustment But Before Intercompany Eliminations of Subsidiaries with Material Non-controlling Interests | Summarized financial information including goodwill on acquisition and consolidation adjustments but before intercompany eliminations of subsidiaries with material non-controlling interests are as follows:
|  | 31.12.2015 |
|  | Yuchai RMB’000 |
Summarized statement of comprehensive income |  |  |  |
Revenue |  |  | 13,671,931 |
Profit for the year, representing total comprehensive income for the year |  |  | 547,216 |
Attributable to NCI |  |  | 129,088 |
Summarized statement of cash flows |  |  |  |
Operating |  |  | 1,742,989 |
Investing |  |  | (33,515 | )
Financing |  |  | (659,691 | )
Net increase in cash and cash equivalents |  |  | 1,049,783 |
|  | 31.12.2016 |
|  | Yuchai |
|  | RMB’000 |
Summarized statement of financial position |  |  |  |
Current assets |  |  | 12,448,174 |
Non-current assets, excluding goodwill |  |  | 4,876,773 |
Goodwill |  |  | 212,636 |
Current liabilities |  |  | (7,957,306 | )
Non-current liabilities |  |  | (461,712 | )
Net assets |  |  | 9,118,565 |
Total equity |  |  | 9,118,565 |
Attributable to NCI |  |  | 2,253,207 |
Summarized statement of comprehensive income |  |  |  |
Revenue |  |  | 13,598,487 |
Profit for the year, representing total comprehensive income for the year |  |  | 726,379 |
Attributable to NCI |  |  | 210,013 |
Summarized statement of cash flows |  |  |  |
Operating |  |  | 2,329,367 |
Investing |  |  | (293,477 | )
Financing |  |  | (1,697,173 | )
Net increase in cash and cash equivalents |  |  | 338,717 |
|  | 31.12.2017 |
|  | Yuchai |
|  | RMB’000 |  |  | US$’000 |
Summarized statement of financial position |  |  |  |  |  |  |  |
Current assets |  |  | 14,717,316 |  |  |  | 2,325,231 |
Non-current assets, excluding goodwill |  |  | 4,693,931 |  |  |  | 741,608 |
Goodwill |  |  | 212,636 |  |  |  | 33,595 |
Current liabilities |  |  | (9,344,836 | ) |  |  | (1,476,417 | )
Non-current liabilities |  |  | (495,429 | ) |  |  | (78,274 | )
Net assets |  |  | 9,783,618 |  |  |  | 1,545,743 |
Total equity |  |  | 9,783,618 |  |  |  | 1,545,743 |
Attributable to NCI |  |  | 2,437,215 |  |  |  | 385,063 |
Summarized statement of comprehensive income |  |  |  |  |  |  |  |
Revenue |  |  | 16,165,245 |  |  |  | 2,553,993 |
Profit for the year, representing total comprehensive income for the year |  |  | 1,045,330 |  |  |  | 165,155 |
Attributable to NCI |  |  | 290,497 |  |  |  | 45,896 |
Summarized statement of cash flows |  |  |  |  |  |  |  |
Operating |  |  | 1,385,156 |  |  |  | 218,845 |
Investing |  |  | (165,817 | ) |  |  | (26,198 | )
Financing |  |  | 221,660 |  |  |  | 35,021 |
Net increase in cash and cash equivalents |  |  | 1,440,999 |  |  |  | 227,668 |
Assets and Liabilities and Cash Flow Effect of Disposal of Subsidiaries | The value of assets and liabilities of the disposal recorded in the consolidated financial statements and the cash flow effect of the disposals were:
|  | 31.12.2015 |
|  | RMB’000 |
Property, plant and equipment |  |  | 66,597 |
Land use rights |  |  | 17,661 |
Inventories |  |  | 6,354 |
Trade receivables and other receivables |  |  | 111,651 |
Deferred taxation |  |  | 244 |
Cash and bank balances |  |  | 18,797 |
|  |  | 221,304 |
Payables and accruals |  |  | (17,161 | )
Provision for taxation |  |  | (996 | )
Carrying value of net assets |  |  | 203,147 |
Total consideration |  |  | 189,500 |
Net asset derecognized |  |  | (203,147 | )
Loss on disposal of a subsidiary (Note 8.2(b)) |  |  | (13,647 | )
Total consideration |  |  | 189,500 |
Cash and bank balances of the subsidiary |  |  | (18,797 | )
Net cash inflow on disposal of the subsidiary |  |  | 170,703 |
The value of assets and liabilities of the disposal recorded in the consolidated financial statements and the cash flow effect of the disposals were:
|  | 31.12.2017 |  |  | 31.12.2017 |
|  | RMB’000 |  |  | US$’000 |
Property, plant and equipment (Note 11) |  |  | 104,844 |  |  |  | 16,565 |
Trade receivables and other receivables |  |  | 3,257 |  |  |  | 514 |
Cash and bank balances |  |  | 9,153 |  |  |  | 1,446 |
|  |  | 117,254 |  |  |  | 18,525 |
Trade and other payables |  |  | (3,737 | ) |  |  | (590 | )
Provision for taxation |  |  | (44 | ) |  |  | (7 | )
Deferred taxation |  |  | (588 | ) |  |  | (93 | )
Carrying value of net assets |  |  | 112,885 |  |  |  | 17,835 |
Gain on disposal: |  |  |  |  |  |  |  |
Total consideration |  |  | 395,000 |  |  |  | 62,407 |
Less: Cost of disposal |  |  | (47,532 | ) |  |  | (7,510 | )
Total consideration less cost of disposal |  |  | 347,468 |  |  |  | 54,897 |
Net assets derecognized |  |  | (112,885 | ) |  |  | (17,835 | )
Realization of foreign translation reserves upon disposal |  |  | (18,468 | ) |  |  | (2,917 | )
Gain on disposal of the subsidiaries (Note 8.2(b)) |  |  | 216,115 |  |  |  | 34,145 |
Total consideration less cost of disposal |  |  | 347,468 |  |  |  | 54,897 |
Add: Transaction cost unpaid |  |  | 33,287 |  |  |  | 5,260 |
Less: Retention sum receivables |  |  | (30,000 | ) |  |  | (4,740 | )
Cash and bank balances of the subsidiaries |  |  | (9,153 | ) |  |  | (1,446 | )
Net cash inflow on disposal of the subsidiaries |  |  | 341,602 |  |  |  | 53,971 |

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