Deferred grants

12 Months Ended

Dec. 31, 2020


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

At January 1		607,608			676,728			104,574
Received during the year		187,096			52,241			8,072
Grant receivable		—			129			20
Grant disbursed to partner of joint project		—			(48,632	)		(7,515	)
Released to consolidated statement of profit or loss		(117,976	)		(138,856	)		(21,457	)

At December 31		676,728			541,610			83,694


Current (Note 2 2 )		19,952			23,468			3,626
Non-current		656,776			518,142			80,068

		676,728			541,610			83,694

The government grant that have been received in PRC was to support and fund Yuchai’s production facilities, research and development activities for new engines.

As at December 31, 2020, RMB 271.6 million (US$42.0 million) (2019: RMB 434.8 million) of the deferred grants are related to assets.

The grant receivable is related to the Job Support Scheme (the “JSS”) that was introduced in Singapore in response to COVID-19 coronavirus pandemic. The JSS is temporary scheme introduced to help the enterprises retain local employees during the period of economic uncertainty. Under the JSS, employers will receive cash grants in relation to the gross monthly wages of eligible employees. In 2020, JSS grant income amounted to

RMB 1.1 million (US$ 0.2

million) was released to the consolidated statement of profit or loss under “Other income”.