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Leases | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
leases |
17. | Leases
| Group as a lessee
The Group has lease contracts for land, motor vehicles, office space and staff accommodations used in its operations. These leases are generally with lease term of between 1 and 12 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. The Group also has certain leases of office space and staff accommodations with lease terms of 12 months or less. The Group has applied the “short-term leases” recognition exemptions for these leases . Set out below are the carrying amounts of right-of-use assets recognized and the movements during the year.
|  | Leasehold land RMB’000 |  |  | Building and office space RMB’000 |  |  | Office furniture, fittings and equipment RMB’000 |  |  | Motor vehicles RMB’000 |  |  | Total RMB’000 |  |  | Total US$’000 |
At January 1, 2022 |  |  | 304,645 |  |  |  | 40,118 |  |  |  | 51 |  |  |  | — |  |  |  | 344,814 |  |  |  | 48,541 |
Addition |  |  | — |  |  |  | 49,421 |  |  |  | — |  |  |  | 314 |  |  |  | 49,735 |  |  |  | 7,001 |
Depreciation expenses |  |  | (12,324 | ) |  |  | (30,772 | ) |  |  | (14 | ) |  |  | (19 | ) |  |  | (43,129 | ) |  |  | (6,071 | )
Disposal |  |  | (3,256 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,256 | ) |  |  | (458 | )
Termination |  |  | — |  |  |  | (6,187 | ) |  |  | — |  |  |  | — |  |  |  | (6,187 | ) |  |  | (871 | )
Translation difference |  |  | — |  |  |  | 159 |  |  |  | 5 |  |  |  | — |  |  |  | 164 |  |  |  | 22 |
At December 31, 2022 and January 1, 2023 |  |  | 289,065 |  |  |  | 52,739 |  |  |  | 42 |  |  |  | 295 |  |  |  | 342,141 |  |  |  | 48,164 |
Addition |  |  | — |  |  |  | 31,082 |  |  |  | — |  |  |  | 1,002 |  |  |  | 32,084 |  |  |  | 4,517 |
Depreciation expenses |  |  | (12,282 | ) |  |  | (33,671 | ) |  |  | (7 | ) |  |  | (111 | ) |  |  | (46,071 | ) |  |  | (6,486 | )
Disposal of subsidiary |  |  | (22,782 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22,782 | ) |  |  | (3,207 | )
Disposal |  |  | (5,564 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,564 | ) |  |  | (783 | )
Termination |  |  | — |  |  |  | (1,382 | ) |  |  | — |  |  |  | — |  |  |  | (1,382 | ) |  |  | (195 | )
Translation difference |  |  | — |  |  |  | 18 |  |  |  | 1 |  |  |  | — |  |  |  | 19 |  |  |  | 3 |
At December 31, 2023 |  |  | 248,437 |  |  |  | 48,786 |  |  |  | 36 |  |  |  | 1,186 |  |  |  | 298,445 |  |  |  | 42,013 |
Set out below are the carrying amounts of lease liabilities and the movements during the year:
|  | 2022 RMB’000 |  |  | 2023 RMB’000 |  |  | 2023 US$’000 |
At January 1 |  |  | 40,531 |  |  |  | 59,641 |  |  |  | 8,396 |
Additions |  |  | 49,735 |  |  |  | 32,084 |  |  |  | 4,517 |
Accretion of interest (Note 7.3) |  |  | 1,547 |  |  |  | 1,969 |  |  |  | 277 |
Payments |  |  | (26,144 | ) |  |  | (43,073 | ) |  |  | (6,063 | )
Termination |  |  | (6,187 | ) |  |  | (1,382 | ) |  |  | (195 | )
Translation difference |  |  | 159 |  |  |  | 42 |  |  |  | 6 |
At December 31 |  |  | 59,641 |  |  |  | 49,281 |  |  |  | 6,938 |
Current (Note 25) |  |  | 31,433 |  |  |  | 33,272 |  |  |  | 4,684 |
Non-current (Note 25) |  |  | 28,208 |  |  |  | 16,009 |  |  |  | 2,254 |
Total |  |  | 59,641 |  |  |  | 49,281 |  |  |  | 6,938 |
The following are the amounts recognized in profit of loss:
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Depreciation charge for right-of-use assets |  |  | 43,129 |  |  |  | 46,071 |  |  |  | 6,486 |
Interest expenses on lease liabilities (Note 7.3) |  |  | 1,547 |  |  |  | 1,969 |  |  |  | 277 |
Expenses relating to short-term leases (included in selling, general and administrative expenses and research and development expenses) |  |  | 25,022 |  |  |  | 18,275 |  |  |  | 2,573 |
Total amount recognized in profit or loss |  |  | 69,698 |  |  |  | 66,315 |  |  |  | 9,336 |
In 2023, the Group had total cash outflows for leases of RMB 61.3 million (US$ 8.6 million) (2022: RMB 51.2 million). The Group also had non-cash additions to right-of-use assets and lease liabilities of RMB 32.1 million (US$ 4.5 million) in 2023 (2022: RMB 49.7 million). The future cash outflows relating to leases that have not yet commenced are disclosed in Note 30. Group as a lessor The Group has entered into operating leases on some of its assets, including surplus offices and warehouses. These leases have terms between 1 to 20 years. Rental income recognized by the Group during the year is RMB 25.8 million (US$ 3.6 million) (2022: RMB 18.1 million). Future minimum rental receivables under non-cancellable operating leases as of 31 December are as follows:
|  | 31.12.2022 |  |  | 31.12.2023 |  |  | 31.12.2023 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Within 1 year |  |  |  |  |  |  |  |  |  |  |  |
- related parties |  |  | 17 |  |  |  | 2,012 |  |  |  | 283 |
- joint venture |  |  | 1,587 |  |  |  | 3,329 |  |  |  | 469 |
- third parties |  |  | 8,136 |  |  |  | 7,898 |  |  |  | 1,112 |
After 1 year but within 5 years |  |  |  |  |  |  |  |  |  |  |  |
- related parties |  |  | 17 |  |  |  | 7,988 |  |  |  | 1,125 |
- joint venture |  |  | 6,292 |  |  |  | 11,697 |  |  |  | 1,647 |
- third parties |  |  | 19,364 |  |  |  | 22,235 |  |  |  | 3,130 |
More than 5 years |  |  |  |  |  |  |  |  |  |  |  |
- joint venture |  |  | 9,690 |  |  |  | 7,504 |  |  |  | 1,056 |
- third parties |  |  | 26,566 |  |  |  | 34,523 |  |  |  | 4,860 |
|  |  | 71,669 |  |  |  | 97,186 |  |  |  | 13,682 |

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2023-03-23 + Details
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