Investments in subsidiaries (Tables)

12 Months Ended

Dec. 31, 2018

Investments accounted for using equity method [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
		31.12.2017		31.12.2018
		%		%

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	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	People’s Republic of China		76.4		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

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.


	31.12.2016			31.12.2017			31.12.2018
Proportion of equity interest held by NCI
Yuchai		23.6	%		23.6	%		23.6	%


	31.12.2016 RMB’000		31.12.2017 RMB’000		31.12.2018 RMB’000		31.12.2018 US$’000
	(Restated)		(Restated)
Accumulated balances of material NCI
Yuchai				2,433,117		2,556,644		382,153

Profit allocated to material NCI
Yuchai		212,927		270,452		252,394		37,726

Dividends paid to material NCI
Yuchai		83,677		98,941		135,905		20,314

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:


	31.12.2016
	Yuchai RMB’000
	(Restated)
Summarized statement of comprehensive income
Revenue		13,576,842

Profit for the year, representing total comprehensive income for the year		738,733

Attributable to NCI		212,927

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
	(Restated)
Summarized statement of financial position
Current assets		14,717,316
Non-current assets, excluding goodwill		4,693,931
Goodwill		212,636
Current liabilities		(9,327,449	)
Non-current liabilities		(530,188	)

Net assets		9,766,246

Total equity		9,766,246

Attributable to NCI		2,433,117

Summarized statement of comprehensive income
Revenue		16,140,621

Profit for the year, representing total comprehensive income for the year		960,359

Attributable to NCI		270,452

Summarized statement of cash flows
Operating		1,435,156
Investing		(215,817	)
Financing		221,660

Net increase in cash and cash equivalents		1,440,999


	31.12.2018
	Yuchai
	RMB’000			US$’000
Summarized statement of financial position
Current assets		15,498,171			2,316,583
Non-current assets, excluding goodwill		4,925,347			736,214
Goodwill		212,636			31,784
Current liabilities		(9,489,499	)		(1,418,439	)
Non-current liabilities		(828,993	)		(123,913	)

Net assets		10,317,662			1,542,229

Total equity		10,317,662			1,542,229

Attributable to NCI		2,556,644			382,153

Summarized statement of comprehensive income
Revenue		16,210,467			2,423,053

Profit for the year, representing total comprehensive income for the year		867,438			129,660

Attributable to NCI		252,394			37,726

Summarized statement of cash flows
Operating		701,716			104,889
Investing		(331,416	)		(49,538	)
Financing		(66,975	)		(10,011	)

Net increase in cash and cash equivalents		303,325			45,340

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:


	31.12.2017
	RMB’000
Property, plant and equipment (Note 11)		104,844
Trade receivables and other receivables		3,257
Cash and bank balances		9,153

		117,254
Trade and other payables		(3,737	)
Provision for taxation		(44	)
Deferred taxation		(588	)

Carrying value of net assets		112,885

Gain on disposal:
Total consideration		395,000
Less: Cost of disposal		(47,532	)

Total consideration less cost of disposal		347,468
Net assets derecognized		(112,885	)
Realization of foreign translation reserves upon disposal		(18,468	)

Gain on disposal of the subsidiaries (Note 8.2(a))		216,115

Total consideration less cost of disposal		347,468
Add: Transaction cost unpaid		33,287
Less: Retention sum receivables		(30,000	)
Cash and bank balances of the subsidiaries		(9,153	)

Net cash inflow on disposal of the subsidiaries		341,602