XML 62 R46.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Investments in subsidiaries (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Investments accounted for using equity method [abstract] |
Details of Significant Subsidiaries of the Group | Details of significant subsidiaries of the Group are as follows:
Name of significant subsidiary |  | Place of incorporation/ business |  | Group’s effective equity interest |
|  |  |  | 31.12.2022 |  |  | 31.12.2023 |
|  |  |  | % |  |  | % |
Guangxi Yuchai Machinery Company Limited |  | PRC |  |  | 76.4 |  |  |  | 76.4 |
Guangxi Yuchai Marine and Genset Power Co., Ltd. |  | PRC |  |  | 76.4 |  |  |  | 76.4 |
Yuchai Xin-Lan New Energy Power Technology Co., Ltd |  | PRC |  |  | 69.5 |  |  |  | 67.0 |
Guangxi Yuchai Machinery Monopoly Development Co., Ltd |  | PRC |  |  | 54.9 |  |  |  | 54.9 |
Guangxi Yuchai Foundry Co., Ltd |  | PRC |  |  | 76.4 |  |  |  | 76.4 |
HL Global Enterprises Limited |  | Singapore |  |  | 50.2 |  |  |  | 50.2 |
Subsidiary having Non-controlling Interests that are Material to the Group | The Group has the following subsidiary that has non-controlling interests (“NCI”) that are material to the Group.
|  | 31.12.2021 |  |  | 31.12.2022 |  |  | 31.12.2023 |
Proportion of equity interest held by NCI |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 23.6 | % |  |  | 23.6 | % |  |  | 23.6 | %
|  | 31.12.2021 RMB’000 |  |  | 31.12.2022 RMB’000 |  |  | 31.12.2023 RMB’000 |  |  | 31.12.2023 US$’000 |
Accumulated balances of material NCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 2,574,669 |  |  |  | 2,627,354 |  |  |  | 2,741,359 |  |  |  | 385,911 |
Profit allocated to material NCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 153,500 |  |  |  | 114,700 |  |  |  | 135,173 |  |  |  | 19,029 |
Dividends paid to material NCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yuchai |  |  | 203,753 |  |  |  | 103,199 |  |  |  | 35,702 |  |  |  | 5,026 |
Summarized Financial Information Including Goodwill on Acquisition and Consolidation Adjustment But Before Intercompany Eliminations of Subsidiaries with Material Non-controlling Interests | Summarized financial information including goodwill on acquisition and consolidation adjustments but before intercompany eliminations of subsidiaries with material non-controlling interests are as follows:
|  | 31.12.2021 |
|  | Yuchai RMB’000 |
Summarized statement of comprehensive income |  |  |  |
Revenue |  |  | 21,254,134 |
Profit after tax |  |  | 443,499 |
Total comprehensive income for the year |  |  | 506,769 |
Attributable to NCI |  |  | 153,500 |
Summarized statement of cash flows |  |  |  |
Operating |  |  | 588,727 |
Investing |  |  | (674,686 | )
Financing |  |  | (1,002,764 | )
Net decrease in cash and cash equivalents |  |  | (1,088,723 | )
|  | 31.12.2022 |
|  | Yuchai RMB’000 |
Summarized statement of financial position |  |  |  |
Current assets |  |  | 16,070,488 |
Non-current assets, excluding goodwill |  |  | 6,737,117 |
Goodwill |  |  | 212,636 |
Current liabilities |  |  | (11,204,417 | )
Non-current liabilities |  |  | (1,016,521 | )
Net assets |  |  | 10,799,303 |
Total equity |  |  | 10,799,303 |
Attributable to NCI |  |  | 2,627,354 |
Summarized statement of comprehensive income |  |  |  |
Revenue |  |  | 15,998,041 |
Profit after tax |  |  | 355,140 |
Total comprehensive income for the year |  |  | 355,936 |
Attributable to NCI |  |  | 114,700 |
Summarized statement of cash flows |  |  |  |
Operating |  |  | (82,444 | )
Investing |  |  | (221,126 | )
Financing |  |  | (181,072 | )
Net decrease in cash and cash equivalents |  |  | (484,642 | )
|  | 31.12.2023 |
|  | Yuchai |
|  | RMB’000 |  |  | US$’000 |
Summarized statement of financial position |  |  |  |  |  |  |  |
Current assets |  |  | 18,073,115 |  |  |  | 2,544,219 |
Non-current assets, excluding goodwill |  |  | 6,293,318 |  |  |  | 885,934 |
Goodwill |  |  | 212,636 |  |  |  | 29,934 |
Current liabilities |  |  | (12,029,500 | ) |  |  | (1,693,437 | )
Non-current liabilities |  |  | (1,457,329 | ) |  |  | (205,154 | )
Net assets |  |  | 11,092,240 |  |  |  | 1,561,496 |
Total equity |  |  | 11,092,240 |  |  |  | 1,561,496 |
Attributable to NCI |  |  | 2,741,359 |  |  |  | 385,911 |
Summarized statement of comprehensive income |  |  |  |  |  |  |  |
Revenue |  |  | 18,015,280 |  |  |  | 2,536,077 |
Profit after tax |  |  | 431,697 |  |  |  | 60,772 |
Total comprehensive income for the year |  |  | 442,666 |  |  |  | 62,316 |
Attributable to NCI |  |  | 135,173 |  |  |  | 19,029 |
Summarized statement of cash flows |  |  |  |  |  |  |  |
Operating |  |  | 1,261,921 |  |  |  | 177,645 |
Investing |  |  | 23,243 |  |  |  | 3,272 |
Financing |  |  | (67,590 | ) |  |  | (9,515 | )
Net increase in cash and cash equivalents |  |  | 1,217,574 |  |  |  | 171,402 |
Schedule of assets and liabilities of the disposal recorded in the consolidated financial statements and cash flow | The value of assets and liabilities of the disposal recorded in the consolidated financial statements and the cash flow effect of the disposals were:
|  | 31.12.2023 |  |  | 31.12.2023 |
|  | RMB’000 |  |  | US$’000 |
Property, plant and equipment |  |  | 41,111 |  |  |  | 5,787 |
Right-of-use assets |  |  | 22,782 |  |  |  | 3,207 |
Trade and other receivables |  |  | 47,595 |  |  |  | 6,700 |
Cash and cash equivalents |  |  | 32,056 |  |  |  | 4,513 |
|  |  | 143,544 |  |  |  | 20,207 |
Trade and other payables |  |  | (20,109 | ) |  |  | (2,831 | )
Provision for warranty |  |  | (2,145 | ) |  |  | (302 | )
Contract liabilities |  |  | (104 | ) |  |  | (14 | )
Carrying value of net assets |  |  | 121,186 |  |  |  | 17,060 |
Gain on disposal: |  |  |  |  |  |  |  |
Total estimated consideration less cost of disposal |  |  | 234,228 |  |  |  | 32,973 |
Net assets derecognized |  |  | (121,186 | ) |  |  | (17,060 | )
Gain on disposal of the subsidiary (Note 7.2(a)) |  |  | 113,042 |  |  |  | 15,913 |
Total estimated consideration less cost of disposal (i) |  |  | 234,228 |  |  |  | 32,973 |
Add: Transaction cost unpaid |  |  | 7,506 |  |  |  | 1,057 |
Less: Sales proceed received but restricted in use |  |  | (5,000 | ) |  |  | (704 | )
Less: Cash and cash equivalents of a subsidiary |  |  | (32,056 | ) |  |  | (4,513 | )
Less: Total estimated consideration due from acquirer |  |  | (236,734 | ) |  |  | (33,326 | )
Net cash outflow on disposal of a subsidiary |  |  | (32,056 | ) |  |  | (4,513 | )
Note:
| (i) | The estimated consideration is RMB 179.9 million (US$ 25.3 million), along with the estimated book value of cash and cash equivalents and agreed-upon fair value for the equipment in Suzhou Reman as of December 31, 2023.

X
- Definition Disclosure of Disposal of Subsidiaries Explanatory + References No definition available. + Details
Name: | cyd_DisclosureOfDisposalOfSubsidiariesExplanatory
Namespace Prefix: | cyd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of summarized financial information on subsidiaries explanatory. + References No definition available. + Details
Name: | cyd_DisclosureOfSummarizedFinancialInformationOnSubsidiariesExplanatory
Namespace Prefix: | cyd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of non-controlling interests. [Refer: Non-controlling interests] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2023-01-01 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2023-en-r&anchor=para_17_b&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2023-01-01 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2023-en-r&anchor=para_16_b&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2023-01-01 -Paragraph B4 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2023-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration