Investment property

12 Months Ended

Dec. 31, 2022

11.	Investment property


	31.12.2021			31.12.2022			31.12.2022
	RMB’000			RMB’000			US$’000
Cost
At January 1		33,187			31,810			4,575
Translation difference		(1,377	)		579			84

At December 31		31,810			32,389			4,659

Accumulated depreciation
At January 1		27,358			26,724			3,844
Charge for the year		355			348			50
Translation difference		(989	)		561			81

At December 31		26,724			27,633			3,975

Net carrying amount		5,086			4,756			684

Fair value		11,308			11,686			1,681

Consolidated statements of profit or loss:
Rental income from an investment property		77			176			25
Direct operating expenses (including repairs, maintenance and depreciation expense) arising from the rental generating property		(82	)		(118	)		(17	)

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
2022	Market comparison and cost method	Comparable price: - RMB 182 to RMB 441 (US$ 26 to US$ 63) per square foot	The estimated fair value increases with higher comparable price

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