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Parent company only condensed financial information | 12 Months Ended
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Dec. 31, 2022
Parent company only condensed financial information |
Parent company only condensed financial information | 39 Parent company only condensed financial information Parent Company only financial statements have been provided pursuant to the requirements of Securities and Exchange Commission Regulation S-X Rule 12-04(a), which require condensed financial information as to financial position, cash flows and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented, as the restricted net assets of the Company’s consolidated subsidiaries, including VIEs, as of December 31, 2022 exceeded the 25% threshold, using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Company uses the equity method to account for investments in its subsidiaries and VIEs. Certain information and footnote disclosures generally included in financial statements prepared in accordance with IFRSs have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company. The Company did not have significant capital and other commitments or guarantees as at December 31, 2022. The subsidiaries did not pay any dividend to the Company for the years presented. 39 Parent company only condensed financial information (Continued)
(a) | Condensed Statements of Comprehensive Income
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year ended December 31,
​ |  | 2020 |  | 2021 |  | 2022
​ | ​ | RMB’000 | ​ | RMB’000 | ​ | RMB’000
Selling and marketing expenses | ​ | (2,374) | ​ | (439) | ​ | (387)
General and administrative expenses |  | (45,655) | ​ | (53,621) | ​ | (104,653)
Net impairment losses on amount due from subsidiaries | ​ | — | ​ | — | ​ | (465,457)
Other income, gains or loss‑net |  | 7,780 | ​ | 834 | ​ | 2,555
Operating loss |  | (40,249) | ​ | (53,226) | ​ | (567,942)
Finance income/(costs) – net |  | 4,564 | ​ | (32) | ​ | (573)
Share of losses of joint venture | ​ | (2,283) | ​ | (2,896) | ​ | —
Share of losses of subsidiaries and VIEs |  | (1,314,998) | ​ | (1,225,545) | ​ | (303,759)
Loss before income tax | ​ | (1,352,966) | ​ | (1,281,699) | ​ | (872,274)
Income tax expenses | ​ | (642) | ​ | — | ​ | —
Loss for the year |  | (1,353,608) | ​ | (1,281,699) | ​ | (872,274)
Other comprehensive income, net of tax |  | ​ | ​ | ​ | ​ | ​
Items that may be subsequently reclassified to profit or loss | ​ | ​ | ​ | ​ | ​ | ​
– Foreign currency translation differences |  | (608,427) | ​ | (152,542) | ​ | 69,454
– Changes in the fair value of debt instruments measured at fair value through other comprehensive income | ​ | (39) | ​ | (16) | ​ | 5,324
Items that will not be subsequently reclassified to profit or loss | ​ | ​ | ​ | ​ | ​ | ​
– Foreign currency translation differences |  | — | ​ | — | ​ | 356,691
– Changes in the fair value of equity investments measured at fair value through other comprehensive income | ​ | — | ​ | (1,796) | ​ | —
Total comprehensive loss |  | (1,962,074) | ​ | (1,436,053) | ​ | (440,805)
​ ​ 39 Parent company only condensed financial information(Continued)
(b) | Condensed Balance Sheets
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | As at December 31,
​ |  | ​ | ​ | 2021 |  | 2022
​ | ​ | Note | ​ | RMB’000 | ​ | RMB’000
ASSETS |  | ​ | ​ |  |  |
Non‑current assets |  | ​ | ​ |  |  |
Interest in subsidiaries |  | 39(d) | ​ | 1,280,946 | ​ | 1,764,074
Total non‑current assets |  | ​ | ​ | 1,280,946 | ​ | 1,764,074
​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets |  | ​ | ​ | ​ | ​ | ​
Amount due from subsidiaries |  | 39(d) | ​ | 2,662,705 | ​ | 1,641,677
Prepayments and other receivables |  | ​ | ​ | 246 | ​ | 448
Cash and cash equivalents |  | ​ | ​ | 6,454 | ​ | 7,327
Total current assets |  | ​ | ​ | 2,669,405 | ​ | 1,649,452
Total assets |  | ​ | ​ | 3,950,351 | ​ | 3,413,526
​ | ​ | ​ | ​ | ​ | ​ | ​
EQUITY AND LIABILITIES |  | ​ | ​ | ​ | ​ | ​
Equity |  | ​ | ​ | ​ | ​ | ​
Share capital |  | 24 | ​ | 78 | ​ | 78
Shares held for share incentive scheme |  | 26 | ​ | (80,102) | ​ | (149,544)
Reserves |  | 25 | ​ | 10,512,631 | ​ | 10,953,072
Accumulated loss |  | ​ | ​ | (6,638,625) | ​ | (7,510,899)
Total equity |  | ​ | ​ | 3,793,982 | ​ | 3,292,707
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities |  | ​ | ​ | ​ | ​ | ​
Non‑current liabilities |  | ​ | ​ | ​ | ​ | ​
Trade and other payables |  | ​ | ​ | 88,280 | ​ | 88,280
Total non‑current liabilities |  | ​ | ​ | 88,280 | ​ | 88,280
​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities |  | ​ | ​ | ​ |  | ​
Trade and other paybles | ​ | ​ | ​ | 68,089 | ​ | 32,539
Total current liabilities |  | ​ | ​ | 68,089 |  | 32,539
Total liabilities |  | ​ | ​ | 156,369 |  | 120,819
Total equity and liabilities |  | ​ | ​ | 3,950,351 |  | 3,413,526
​ ​
39 | Parent company only condensed financial information (Continued)
(c) | Condensed Statements of Cash Flows
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2020 |  | 2021 |  | 2022
​ | ​ | RMB’000 | ​ | RMB’000 | ​ | RMB’000
Cash used in operating activities |  |  |  |  |  |
Cash used in operations |  | (5,230) |  | (51,132) |  | (139,011)
Net cash used in operating activities |  | (5,230) |  | (51,132) |  | (139,011)
Cash flows from investing activities |  | ​ |  | ​ |  | ​
Payment for interest in subsidiaries, net of cash acquired |  | (3,381,568) |  | (1,333,804) |  | (3,005,546)
Proceeds from loan to subsidiaries |  | 85,694 |  | 1,350,654 |  | 3,218,655
Net cash (used in)/generated from investing activities |  | (3,295,874) |  | 16,850 |  | 213,109
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities |  | ​ |  | ​ |  | ​
Proceeds from exercise of shares under share incentive scheme | ​ | — | ​ | 9,257 | ​ | 1,161
Proceeds from issuance of ordinary shares |  | 2,722,445 |  | — |  | —
Payments for shares repurchase | ​ | — | ​ | — | ​ | (74,992)
Share issue transaction costs |  | (24,766) |  | — |  | —
Net cash generated from financing activities |  | 2,697,679 |  | 9,257 |  | (73,831)
Net (decrease)/increase in cash and cash equivalents |  | (603,425) |  | (25,025) |  | 267
Cash and cash equivalents at the beginning of the year |  | 634,507 |  | 31,857 |  | 6,454
Effects of exchange rate changes on cash and cash equivalents |  | 775 |  | (378) |  | 606
Cash and cash equivalents at the end of year |  | 31,857 |  | 6,454 |  | 7,327
​
(d) | Interest in subsidiaries and amount due from subsidiaries
​
​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31,
​ | ​ | 2021 | ​ | 2022
​ |  | RMB’000 |  | RMB’000
Interest in subsidiaries | ​ | ​ | ​ | ​
Equity investment in subsidiaries |  | 1,280,946 |  | 1,764,074
​
​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31,
​ | ​ | 2021 | ​ | 2022
​ |  | RMB’000 |  | RMB’000
Amount due from subsidiaries | ​ | ​ | ​ | ​
Loan receivables |  | 2,662,705 |  | 1,641,677
​

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