XML 53 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Capital management
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Capital management
32
.
Capital management
The Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximizing the return to shareholders through the optimization of the debt and equity balance except where decisions are made to exit businesses or close companies.
The capital structure of the Group consists of debts (which includes the borrowings, lease liabilities and trade and other payables, less cash and bank balances) and equity attributable to equity holders of the parent (comprising issued capital and reserves).
 
 
  
31.12.2019
 
  
31.12.2020
 
  
31.12.2020
 
 
  
RMB’000
 
  
RMB’000
 
  
US$’000
 
    
Loans and borrowings (current and
non-current)
(Note 2
6
(b))
  
 
2,055,046
 
  
 
2,230,000
 
  
 
344,598
 
Lease liabilities (current and
non-current)
(Note 2
5
)
  
 
60,007
 
  
 
39,778
 
  
 
6,147
 
Trade and other payables (current and
non-current)
(Note 2
2
)
  
 
8,644,393
 
  
 
10,302,531
 
  
 
1,592,034
 
Less: Cash and bank balances (Note 1
6
)
  
 
(6,390,918
) 
  
 
(6,447,538
) 
  
 
(996,328
) 
   
 
 
   
 
 
   
 
 
 
Net debts
  
 
4,368,528
 
  
 
6,124,771
 
  
 
946,451
 
Equity attributable to equity holders of the parent
  
 
8,767,529
 
  
 
9,014,624
 
  
 
1,393,016
 
   
 
 
   
 
 
   
 
 
 
Total capital and net debts
  
 
13,136,057
 
  
 
15,139,395
 
  
 
2,339,467
 
   
 
 
   
 
 
   
 
 
 
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.
No changes were made in the objectives, policies or processes during the years ended December 31, 2019 and 2020.
As disclosed in Note 2
0
, certain subsidiaries of the Group are required by the relevant authorities in the PRC to contribute and maintain a
non-distributable
statutory reserve fund whose utilization is subject to approval by the relevant authorities in the PRC. This externally imposed capital requirement has been complied with by the subsidiaries of the Group for the financial years ended December 31, 2019 and 2020.