Revenue from contracts with customers (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Disaggregation of Group's Revenue from Contracts with Customers

Set out below is the disaggregation of the Group’s revenue from contracts with customers:


	31.12.2018
	Yuchai		HLGE		Total		Total
Segments	RMB’000		RMB’000		RMB’000		US$’000
Type of goods or services
Heavy-duty engines		4,934,435		—		4,934,435		737,573
Medium-duty engines		5,537,164		—		5,537,164		827,665
Light-duty engines		2,481,554		—		2,481,554		370,929
Other products and services⁽ⁱ⁾		3,213,237		—		3,213,237		480,297
Revenue from hospitality operations		44,077		52,781		96,858		14,478

Total revenue from contract with customers		16,210,467		52,781		16,263,248		2,430,942

Geographical markets
People’s Republic of China		16,119,896		—		16,119,896		2,409,515
Other countries		90,571		52,781		143,352		21,427

Total revenue from contract with customers		16,210,467		52,781		16,263,248		2,430,942

Timing of revenue recognition
At a point in time		16,166,390		—		16,166,390		2,416,464
Over time		44,077		52,781		96,858		14,478

Total revenue from contract with customers		16,210,467		52,781		16,263,248		2,430,942


	31.12.2017
	Yuchai		HLGE		Total
Segments	RMB’000		RMB’000		RMB’000
Type of goods or services
Heavy-duty engines		5,182,930		—		5,182,930
Medium-duty engines		5,620,202		—		5,620,202
Light-duty engines		2,147,728		—		2,147,728
Other products and services⁽ⁱ⁾		3,148,016		—		3,148,016
Revenue from hospitality operations		41,746		57,197		98,943

Total revenue from contract with customers		16,140,622		57,197		16,197,819

Geographical markets
People’s Republic of China		16,073,461		17,265		16,090,726
Other countries		67,161		39,932		107,093

Total revenue from contract with customers		16,140,622		57,197		16,197,819

Timing of revenue recognition
At a point in time		16,098,876		—		16,098,876
Over time		41,746		57,197		98,943

Total revenue from contract with customers		16,140,622		57,197		16,197,819


	31.12.2016
	Yuchai		HLGE		Total
Segments	RMB’000		RMB’000		RMB’000
Type of goods or services
Heavy-duty engines		3,813,500		—		3,813,500
Medium-duty engines		5,213,373		—		5,213,373
Light-duty engines		1,724,616		—		1,724,616
Other products and services⁽ⁱ⁾		2,783,921		—		2,783,921
Revenue from hospitality operations		41,432		66,353		107,785

Total revenue from contract with customers		13,576,842		66,353		13,643,195

Geographical markets
People’s Republic of China		13,436,629		24,005		13,460,634
Other countries		140,213		42,348		182,561

Total revenue from contract with customers		13,576,842		66,353		13,643,195

Timing of revenue recognition
At a point in time		13,535,410		—		13,535,410
Over time		41,432		66,353		107,785

Total revenue from contract with customers		13,576,842		66,353		13,643,195

Note:

⁽ⁱ⁾

included sales of power generator sets, engine components, service-type maintenance services and others.

Summary of Change in Contract Balances

7.2

Contract balances


	1.1.2017 RMB’000		31.12.2017 RMB’000		31.12.2018 RMB’000		31.12.2018 US$’000
	(Restated)		(Restated)
Trade receivables (Note 20)		241,168		212,104		408,000		60,985
Contract assets (Note 20)		—		—		44,434		6,642
Contract liabilities (Note 28)		213,286		233,329		340,489		50,894
Refund liabilities (Note 26)		755,092		717,955		761,521		113,828

Trade receivables are non-interest bearing and are generally on terms of 60 days.

ii.

Contract assets are the costs incurred in fulfilling a contract for the development of technology know-how for heavy–duty engines platforms for a joint venture company of the Group. Contract assets will be expensed off when the Group performs the contract.

The transaction prices allocated to the remaining performance obligation pursuant to this contract, committed at the reporting date but not recognised as liabilities amounted to RMB 149.0 million and expected to be realised within next three years upon the completion of services.

iii.

The contract liabilities comprise short-term advance from customers and unfulfilled maintenance service. The advance from customers is recognised as revenue upon the delivery of goods, and the contract liability arising from unfulfilled service-type warranty is recognized upon the completion of the maintenance services. According to the business customary practice, the remaining performance obligations (unfulfilled maintenance service) at the year end is expected to be satisfied within 1-3 years.

iv.

Refund liabilities arise from sales rebates granted to the Yuchai customers.