Related party disclosures (Tables)

12 Months Ended

Dec. 31, 2019

Significant Transactions with Related Parties

The following provides the significant transactions that have been entered into with related parties for the relevant financial year.


	31.12.2017		31.12.2018		31.12.2019		31.12.2019
	RMB’000		RMB’000		RMB’000		US$’000

Sales of engines and materials
- associates and joint ventures		412,591		439,106		912,877		128,845
- GY Group (including its subsidiaries and affiliates)		455,061		406,422		1 , 792 , 280		2 52 , 965
Purchase of material, supplies and engines
- associates and joint ventures		914,211		1,192,322		1,999,831		282,259
- GY Group (including its subsidiaries and affiliates)		1,221,421		1,589,638		1,895,239		267,496
Purchase of service
- a joint venture		2,543		—		—		—
Hospitality, restaurant, consultancy and other service income charged to
- a joint venture		14,241		3,456		3,984		562
- GY Group (including its subsidiaries and affiliates)		25,728		24,015		15,350		2,167
Rental income
- GY Group (including its subsidiaries and affiliates)		4,483		3,886		2,133		301
- a joint venture		—		1,937		3,206		452
Property management service expenses
- GY Group (including its subsidiaries and affiliates)		22,212		26,547		22,595		3,189
Leasing expenses (i)
- GY Group (including its subsidiaries and affiliates)		8,676		25,705		—		—
General and administrative expenses
- GY Group (including its subsidiaries and affiliates)		20,215		21,607		19,953		2,816
- HLA (including its affiliates)		6,913		6,639		6,788		958
Delivery, storage, distribution and handling expenses
- GY Group (including its subsidiaries and affiliates)		210,406		228,195		304,532		42,982
Payment for trademark s usage fee
- GY Group		—		—		169,811		23,967
Payment for lease liabilities
- GY Group (including its subsidiaries and affiliates)		—		—		33,594		4,741
Purchases of vehicles and machineries
- GY Group (including its subsidiaries and affiliates)		52,443		6,144		2,817		398
Purchases of additional shareholding in a subsidiary from
- GY Group (including its subsidiaries and affiliates) (ii)		1,335		—		—		—
Disposal of shareholding in an associate to
- GY Group (including its subsidiaries and affiliates) (iii)		1,833		—		—		—

Note:

(i)

As disclosed in Note 2.4, the Group has adopted IFRS 16 on January 1, 2019. These leasing expenses have been recognized as right-of-use assets and lease liabilities on the consolidated statement of financial position as at December 31, 2019.

(ii)

In June 2017, GYAMC acquired 25% of equity interest in Crankshaft from GY Group with a purchase consideration of RMB 1.3 million.

(iii)

In August 2017, YEMC disposed its 30% equity interest in Property Management to GY Group for a consideration of RMB 1.9 million.

Compensation of Key Management Personnel

Compensation of key management personnel of the Group


	31.12.2017		31.12.2018		31.12.2019		31.12.2019
	RMB’000		RMB’000		RMB’000		US$’000
Short-term employee benefits		40,831		39,703		41,606		5,872
Contribution to defined contribution plans		385		335		362		51
Cost of share-based payment		1,294		—		—		—

		42,510		40,038		41,968		5,923