XML 38 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Leases
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
leases
1
7
.
Leases
Group as a lessee
The Group has lease contracts for land, motor vehicles, office space and staff accommodations used in its operations. These leases
 are
generally with lease term of between 1 and 6 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets.
The Group also has certain leases of office space and staff accommodations with lease terms of 12 months or less. The Group has applied the “short-term leases” recognition exemptions for these leases
.
 
Set out below are the carrying amounts of
right-of-use
assets recognized and the movements during the year.
 
 
  
Leasehold
land
RMB’000
 
  
Building
and
office space
RMB’000
 
  
Office
furniture,
fittings and
equipment
RMB’000
 
  
Total
RMB’000
 
 
Total
US$’000
 
      
At January 1, 2019
  
 
369,925
 
  
 
76,644
 
  
 
39
 
  
 
446,608
 
 
 
69,014
 
Addition
  
 
—  
 
  
 
11,473
 
  
 
—  
 
  
 
11,473
 
 
 
1,773
 
Depreciation expenses
  
 
(14,347
) 
  
 
(26,597
) 
  
 
(14
) 
  
 
(40,958
) 
 
 
(6,329
) 
Disposal
  
 
(1,771
) 
  
 
—  
 
  
 
—  
 
  
 
(1,771
) 
 
 
(274
) 
Translation difference
  
 
—  
 
  
 
36
 
  
 
(4
) 
  
 
32
 
 
 
5
 
   
 
 
   
 
 
   
 
 
   
 
 
  
 
 
 
At December 31, 2019 and January 1, 2020
  
 
353,807
 
  
 
61,556
 
  
 
21
 
  
 
415,384
 
 
 
64,189
 
Addition
  
 
2,058
 
  
 
13,198
 
  
 
—  
 
  
 
15,256
 
 
 
2,357
 
Depreciation expenses
  
 
(14,102
) 
  
 
(29,182
) 
  
 
(14
) 
  
 
(43,298
) 
 
 
(6,691
) 
Disposal
  
 
(3,198
) 
  
 
—  
 
  
 
—  
 
  
 
(3,198
) 
 
 
(494
) 
Translation difference
  
 
—  
 
  
 
(142
) 
  
 
(1
) 
  
 
(143
) 
 
 
(22
) 
   
 
 
   
 
 
   
 
 
   
 
 
  
 
 
 
At December 31, 2020
  
 
338,565
 
  
 
45,430
 
  
 
6
 
  
 
384,001
 
 
 
59,339
 
   
 
 
   
 
 
   
 
 
   
 
 
  
 
 
 
Set out below are the carrying amounts of lease liabilities and the movements during the year:
 
 
  
2019
 
  
2020
 
  
2020
 
 
  
RMB’000
 
  
RMB’000
 
  
US$’000
 
At January 1
  
 
96,852
 
  
 
60,007
 
  
 
9,273
 
Additions
  
 
11,473
 
  
 
15,256
 
  
 
2,357
 
Accretion of interest (Note
7
.3)
  
 
2,918
 
  
 
2,198
 
  
 
340
 
Payments
  
 
(51,283
) 
  
 
(37,561
) 
  
 
(5,805
) 
Translation difference
  
 
47
 
  
 
(122
) 
  
 
(18
) 
   
 
 
   
 
 
   
 
 
 
At December 31
  
 
60,007
 
  
 
39,778
 
  
 
6,147
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
 
 
   
 
 
   
 
 
 
Current (Note 2
5
)
  
 
28,633
 
  
 
22,755
 
  
 
3,516
 
Non-current
(Note 2
5
)
  
 
31,374
 
  
 
17,023
 
  
 
2,631
 
   
 
 
   
 
 
   
 
 
 
Total
  
 
60,007
 
  
 
39,778
 
  
 
6,147
 
   
 
 
   
 
 
   
 
 
 
The maturity analysis of lease liabilities is disclosed in Note 2
5
.
 
The following are the amounts recognized in profit of loss:
 
 
  
2019
RMB’000
 
  
2020
RMB’000
 
  
2020
US$’000
 
    
Depreciation charge for
right-of-use
assets
  
 
40,958
 
  
 
43,127
 
  
 
6,664
 
Interest expenses on lease liabilities (Note
7
.3)
  
 
2,918
 
  
 
2,198
 
  
 
340
 
Expenses relating to short-term leases (included in selling, general and administrative costs and research and development cost)
  
 
14,341
 
  
 
14,313
 
  
 
2,212
 
   
 
 
   
 
 
   
 
 
 
Total amount recognized in profit or loss
  
 
58,217
 
  
 
59,638
 
  
 
9,216
 
   
 
 
   
 
 
   
 
 
 
In 2020, the Group had total cash outflows for leases of RMB 51.9 million (US$8.0 million) (2019: RMB 65.6 million). The Group also had
non-cash
additions to
right-of-use
assets and lease liabilities of RMB 15.3 million (US$2.4 million) in 2020 (2019:
 RMB
11.5 million). The future cash outflows relating to leases that have not yet commenced are disclosed in Note
29
.
Group as a lessor
The Group has entered into operating leases on some of its assets, including surplus office and warehouse. Theses leases have terms betwe
en
1
to 15 years. Rental income recognized by the Group during the year is
RMB 13.3 million (US$ 2.1 million)
(
2019
: RMB 11.9
million)
.
Future minimum rental receivables under
non-cancellable
operating leases as of 31 December are as follows:
 
 
  
31.12.2019
 
  
31.12.2020
 
  
31.12.2020
 
 
  
RMB’000
 
  
RMB’000
 
  
US$’000
 
Within 1 year
  
   
  
   
  
   
- related parties
  
 
1,787
 
  
 
902
 
  
 
139
 
- joint venture
  
 
2,691
 
  
 
2,590
 
  
 
400
 
- third parties
  
 
892
 
  
 
5,058
 
  
 
782
 
After 1 year but within 5 years
  
   
  
   
  
   
- related parties
  
 
660
 
  
 
—
 
  
 
—
 
- joint venture
  
 
10,526
 
  
 
10,720
 
  
 
1,657
 
- third parties
  
 
1,504
 
  
 
13,305
 
  
 
2,056
 
After than 5 years
  
   
  
   
  
   
- joint venture
  
 
5,643
 
  
 
14,141
 
  
 
2,185
 
- third parties
  
 
889
 
  
 
4,392
 
  
 
679
 
   
 
 
   
 
 
   
 
 
 
 
  
 
24,592
 
  
 
51,108
 
  
 
7,898