Details of significant subsidiaries of the Group are as follows:


Name of significant subsidiary	Place of incorporation/ business	Group’s effective equity interest
		31.12.2020		31.12.2021
		%		%


Guangxi Yuchai Machinery Company Limited	People’s Republic of China		76.4		76.4
Guangxi Yuchai Machinery Monopoly Development Co., Ltd	People’s Republic of China		54.9		54.9
Guangxi Yuchai Accessories Manufacturing Company Limited	People’s Republic of China		76.4		76.4
Guangxi Yulin Hotel Company Limited	People’s Republic of China		76.4		76.4
HL Global Enterprises Limited	Singapore		50.2		50.2

The Group has the following subsidiary that has

non-controlling

interests (“NCI”) that are material to the Group.


	31.12.2019			31.12.2020			31.12.2021
Proportion of equity interest held by NCI
Yuchai		23.6	%		23.6	%		23.6	%


	31.12.2019 RMB’000		31.12.2020 RMB’000		31.12.2021 RMB’000		31.12.2021 US$’000
Accumulated balances of material NCI

Yuchai		2,603,227		2,624,933		2,574,669		407,243

Profit allocated to material NCI
Yuchai		254,284		229,231		153,500		24,280

Dividends paid to material NCI
Yuchai		207,514		207,514		203,753		32,228

Summarized financial information including goodwill on acquisition and consolidation adjustments

but

before intercompany eliminations of subsidiaries with material

non-controlling

interests are as follows:


	31.12.2019
	Yuchai RMB’000
Summarized statement of comprehensive income

Revenue		17,980,304

Profit after tax		825,807

Total comprehensive income for the year		828,861

Attributable to NCI		254,284

Summarized statement of cash flows
Operating		1,632,557
Investing		(858,904	)
Financing		(656,576	)

Net increase in cash and cash equivalents		117,077


	31.12.2020
	Yuchai
	RMB’000
Summarized statement of financial position

Current assets		18,395,754
Non-current assets, excluding goodwill		6,722,233
Goodwill		212,636
Current liabilities		(13,035,680	)
Non-current liabilities		(1,293,007	)

Net assets		11,001,936

Total equity		11,001,936

Attributable to NCI		2,624,933

Summarized statement of comprehensive income
Revenue		20,557,660

Profit after tax		829,042

Total comprehensive income for the year		826,214

Attributable to NCI		229,231

Summarized statement of cash flows
Operating		1,476,034
Investing		(794,291	)
Financing		(505,997	)

Net increase in cash and cash equivalents		175,746


	31.12.2021
	Yuchai
	RMB’000			US$’000
Summarized statement of financial position

Current assets		17,067,747			2,699,653
Non-current assets, excluding goodwill		6,812,500			1,077,552
Goodwill		212,636			33,633
Current liabilities		(12,620,344	)		(1,996,195	)
Non-current liabilities		(781,986	)		(123,689	)

Net assets		10,690,553			1,690,954

Total equity		10,690,553			1,690,954

Attributable to NCI		2,574,669			407,243

Summarized statement of comprehensive income
Revenue		21,254,134			3,361,826

Profit after tax		443,499			70,149

Total comprehensive income for the year		506,769			80,157

Attributable to NCI		153,500			24,280

Summarized statement of cash flows
Operating		588,727			93,121
Investing		(674,686	)		(106,717	)
Financing		(1,002,764	)		(158,610	)

Net increase in cash and cash equivalents		(1,088,723	)		(172,206	)

Significant restrictions

The nature and extent of significant restrictions on the Group’s ability to use or access assets and settle liabilities of subsidiaries with material

non-controlling

interests are:

At the end of the reporting period, cash and cash equivalents of RMB 4,200.5 million (US$

664.4 million) (2020: RMB 5,289.2 million) held in the PRC are subject to local exchange control regulations. These regulations place restriction on the amount of currency being exported other than through dividends, trade and service related transactions.

Acquisition of ownership in subsidiaries, without change in control in 2019

In February 2019, Yuchai acquired 7.5% of equity interest in YC Europe Co., Ltd. (“YC Europe”) from

non-controlling

interest for a cash consideration of RMB 0.1 million. As a result, Yuchai’s shareholding in YC Europe increased from 67.5% to 75.0%.