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Deferred grants
12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Deferred grants
27.
Deferred grants

 
  
31.12.2020
 
  
31.12.2021
 
  
31.12.2021
 
 
  
RMB’000
 
  
RMB’000
 
  
US$’000
 
At January 1
     676,728        541,610        85,668  
Received during the year
     52,241        50,582        8,000  
Grant receivable
     129                
Grant disbursed to partner of joint project
     (48,632      (16,270 )      (2,573 )
Released to consolidated statement of profit or loss
     (138,856      (151,782 )      (24,008 )
    
 
 
    
 
 
    
 
 
 
At December 31
     541,610        424,140        67,087  
    
 
 
    
 
 
    
 
 
 
       
Current (Note 22)
     23,468        12,482        1,974  
Non-current
     518,142        411,658        65,113  
    
 
 
    
 
 
    
 
 
 
       541,610        424,140        67,087  
    
 
 
    
 
 
    
 
 
 
The government grant that have been received in PRC was to support and fund Yuchai’s production facilities, research and development activities for
product innovations and developments
. As at December 31, 2021, RMB 247.9 million (US$
 
32.9 million) (2020: RMB 271.6 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 and 2021, JSS grant income amounted to RMB
 1.1 
million and RMB
0.3
million (less than US$
 
0.1 million) were credited to the consolidated statement of profit or loss under “Other income”.