Investment property

12 Months Ended

Dec. 31, 2020


	31.12.2019			31.12.2020			31.12.2020
	RMB’000			RMB’000			US$’000

Cost
At January 1		33,972			34,940			5,399
Translation difference		968			(1,753	)		(271	)

At December 31		34,940			33,187			5,128


Accumulated depreciation
At January 1		27,207			28,388			4,387
Charge for the year		380			376			58
Translation difference		801			(1,406	)		(218	)

At December 31		28,388			27,358			4,227


Net carrying amount		6,552			5,829			901

Fair value		11,419			11,954			1,847

Consolidated statements of profit or loss:
Rental income from an investment property		375			230			36
Direct operating expenses (including repairs, maintenance and depreciation expense) arising from the rental generating property		(294	)		(180	)		(28	)

The Group has no restrictions on the realizable of its investment property and no contractual obligations to purchase, construct or develop investment property or for repairs, maintenance or enhancement.

The fair value is determined by independent professional qualified assessor. The fair value of investment property is determined by the market comparison and cost methods. In valuing the investment property, due consideration is given to factors such as location and size of building, building infrastructure, market knowledge and historical comparable transactions to arrive at their opinion of value.

The following table shows information about fair value measurement of the investment property using significant unobservable inputs (Level 3):

Valuation techniques

Unobservable input

Inter-relationship between key
unobservable inputs and fair
value measurement

Market comparison and cost
method

Comparable price:

- RMB 172 to RMB 418
(US$27 to US$65) per square foot

The estimated fair value increases with higher comparable price

Market comparison and cost
method

Comparable price:

- RMB 166 to RMB 440
per square foot

The estimated fair value increases with higher comparable price