Investment property

12 Months Ended

Dec. 31, 2021

11.	Investment property


	31.12.2020			31.12.2021			31.12.2021
	RMB’000			RMB’000			US$’000
Cost
At January 1		34,940			33,187			5,249
Translation difference		(1,753	)		(1,377	)		(218	)

At December 31		33,187			31,810			5,031


Accumulated depr e ciation
At January 1		28,388			27,358			4,327
Charge for the year		376			355			56
Translation difference		(1,406	)		(989	)		(156	)

At December 31		27,358			26,724			4,227


Net carrying amount		5,829			5,086			804

Fair value		11,954			11,308			1,789

Consolidated statements of profit or loss:
Rental income from an investment property		230			77			12
Direct operating expenses (including repairs, maintenance and depreciation expense) arising from the rental generating property		(180	)		(82	)		(13	)

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
2021	Market comparison and cost method	Comparable price: - RMB 165 to RMB 401 (US$ 26 to US$ 63) per square foot	The estimated fair value increases with higher comparable price

2020	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