XML 67 R49.htm IDEA: XBRL DOCUMENT v3.23.1

Management of financial risk (Tables)

12 Months Ended

Dec. 31, 2022

Management of financial risk

Schedule of tabular disclosure of contract asset and trade receivable

​

​	​	​	​	​	​	​
​	​	As at December 31, 2021
​		RMB'000		RMB'000		RMB'000
​		Trade		Contract		​
​		receivables		assets	​	Total
Gross carrying amount
Applying simplified approach		​		​		​
​		934,152		311,103		1,245,255
​	​	​	​	​	​	​
Loss allowance
Applying simplified approach		​		​		​
​		42,978		82,340		125,318

​

​	​	​	​	​	​	​
​	​	As at December 31, 2022
​		RMB'000		RMB'000		RMB'000
​		Trade		Contract		​
​		receivables		assets	​	Total
Gross carrying amount
Applying simplified approach		998,036		182,480		1,180,516
​	​	​	​	​	​	​
Loss allowance		​		​		​
Applying simplified approach		57,047	​	59,852		116,899

​

Schedule of impairment loss allowance

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As at December 31, 2021

​

Related

Up to

1 year to

2 year to

Above

​

​

​

parties

​

1 year

​

2 year

​

3 year

​

3 years

​

Total

Expected loss rate

​

1.55

%

6.31

%

33.30

%

89.51

%

98.86

%

10.06

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount of trade receivables and contract assets applying simplified approach

456,470

653,428

81,012

39,758

14,587

1,245,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss allowance of trade receivables and contract assets applying simplified approach

7,091

41,240

26,980

35,587

14,420

125,318

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As at December 31, 2022

​

​

Related

​

Up to

​

1 year to

​

2 year to

​

Above

​

​

​

parties

1 year

2 year

3 year

3 years

Total

Expected loss rate

2.27

%

3.33

%

42.80

%

68.40

%

97.75

%

9.90

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount of trade receivables and contract assets applying simplified approach

391,221

657,723

63,170

​

26,482

​

41,920

​

1,180,516

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss allowance of trade receivables and contract assets applying simplified approach

8,888

21,885

27,038

​

18,113

​

40,975

​

116,899

​

​

Schedule of undiscounted contractual cash flows

​

​	​	​	​	​	​	​
​	​	As at December 31, 2021
​		Within 1 year		1 to 5 years		Total
​	​	RMB’000	​	RMB’000	​	RMB’000
​	​	​	​	​	​	​
Short‑term borrowings		818,246	​	—	​	818,246
Trade and other payables		1,158,593	​	340,162	​	1,498,755
- Including: lease liabilities	​	65,094	​	112,102	​	177,196
Customer deposits		1,350,171	​	—	​	1,350,171
Non‑derivative financial liabilities	​	3,327,010	​	340,162	​	3,667,172
​	​	​	​	​	​	​
Gross settled (foreign currency swaps)		​	​	​	​	​
- (inflow)		(2,147,751)	​	—	​	(2,147,751)
- outflow	​	2,338,722	​	—	​	2,338,722
Derivative financial liabilities	​	190,971	​	—	​	190,971
​	​	​	​	​	​	​
Total	​	3,517,981	​	340,162	​	3,858,143

​

​

4     Management of financial risk (Continued)

4.1  Financial Risk (Continued)

(c) Liquidity risk (Continued)

​

​	​	​	​	​	​	​
​	​	As at December 31, 2022
​		Within 1 year		1 to 5 years		Total
​	​	RMB’000	​	RMB’000	​	RMB’000
​	​	​	​	​	​	​
Short‑term borrowings		294,461	​	—	​	294,461
Trade and other payables		1,236,571	​	139,387	​	1,375,958
- Including: lease liabilities	​	50,862	​	47,093	​	97,955
Other financial liabilities from virtual bank	​	89,327	​	—	​	89,327
Customer deposits	​	1,929,183	​	—	​	1,929,183
Non‑derivative financial liabilities		3,549,542	​	139,387	​	3,688,929
​	​	​	​	​	​	​
Gross settled (foreign currency swaps)		​	​	​	​	​
- (inflow)		(198,722)	​	—	​	(198,722)
- outflow		208,290	​	—	​	208,290
Derivative financial liabilities		9,568	​	—	​	9,568
Total		3,559,110	​	139,387	​	3,698,497

​

Schedule of fair value measurement hierarchy of the Group's financial assets and liabilities

​

​	​	​	​	​	​	​	​	​
​	​	As at December 31, 2021
​		Level 1		Level 2		Level 3		Total
​	​	RMB’000	​	RMB’000	​	RMB’000	​	RMB’000
Assets measured at fair value		​		​		​		​
Financial assets at fair value through profit or loss (Note 21)		—		2,070,977		676		2,071,653
Financial assets measured at fair value through other comprehensive income (Note 16)		16,334		—		1,106,664		1,122,998
Financial liabilities	​	​	​	​	​	​	​	​
Derivative financial liabilities	​	—	​	190,971	​	—	​	190,971

​

​

4     Management of financial risk (Continued)

4.3  Fair value estimation (Continued)

Determination of fair value and fair value hierarchy (Continued)

​

​	​	​	​	​	​	​	​	​
​	​	As at December 31, 2022
​		Level 1		Level 2		Level 3		Total
​	​	RMB’000	​	RMB’000	​	RMB’000	​	RMB’000
Assets measured at fair value		​		​		​		​
Financial assets at fair value through profit or loss (Note 21)		—	​	690,627	​	—	​	690,627
Financial assets measured at fair value through other comprehensive income (Note 16)		442,935	​	—	​	1,611,606	​	2,054,541
Derivative financial assets	​	—	​	56,363	​	—	​	56,363
Financial liabilities		​	​	​	​	​	​	​
Derivative financial liabilities	​	—	​	9,568	​	—	​	9,568

​

Schedule of movements of Level 3 financial instruments measured at fair value

​

​	​	​	​	​	​	​
​	​	For the year ended
​	​	December 31,
​		2020		2021		2022
​	​	RMB’000	​	RMB’000	​	RMB’000
Beginning of the year		6,438	​	5,676	​	1,107,340
Additions, net		—	​	1,103,460	​	506,620
(Losses)/gain recognised in other comprehensive income	​	—	​	(1,796)	​	(1,678)
Losses recognised in other gain	​	(762)	​	—	​	(676)
End of the year		5,676	​	1,107,340	​	1,611,606

​

Currency risk

Management of financial risk

Schedule of sensitivity analysis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At December 31,

​

At December 31,

​

​

2020

​

2021

​

2022

​

2020

​

2021

​

2022

​

​

Impact on post tax profit

​

Impact on other components of equity

​

RMB’000

​

RMB’000

RMB’000

RMB’000

​

RMB’000

RMB’000

USD+5%

52,506

​

(4,028)

1,752

618,581

​

260,467

​

230,632

USD −5%

(52,506)

​

4,028

(1,752)

(618,581)

​

(260,467)

​

(230,632)

​

Interest rate risk

Management of financial risk

Schedule of sensitivity analysis

​

​	​	​	​	​	​	​
​		As at December 31, 2022
RMB million		HKD		USD		RMB
​	​	​	​	​	​	​
Impact on earnings over the next 12 months if interest rates rise by 200 basis points		(9)		9		1
Impact on economic value if interest rates rise by 200 basis points		(25)		(1)		—

​

​	​	​	​	​	​	​
​		As at December 31, 2021
RMB million		HKD		USD		RMB
​	​	​	​	​	​	​
Impact on earnings over the next 12 months if interest rates rise by 200 basis points		(20)		—		4
Impact on economic value if interest rates rise by 200 basis points		(27)		—		—

​

Trade receivable and contract asset

Management of financial risk

Schedule of movements in the impairment loss allowance

​

​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2020		2021		2022
​	​	RMB’000	​	RMB’000	​	RMB’000
Beginning of the year		(45,944)	​	(97,243)		(125,318)
Additions of impairment loss, net	​	(118,943)	​	(71,061)	​	(18,715)
Recovery of amounts written off previously	​	—	​	—	​	(9,980)
Write-off		67,644	​	42,986		37,156
Exchange difference	​	—	​	—	​	(42)
End of the year		(97,243)	​	(125,318)		(116,899)

​

Credit risk exposure of other receivables is mainly from financial guarantee fee receivables

​

​	​	​	​	​
​	​	As at December 31,
​		2021		2022
​	​	RMB’000	​	RMB’000
Gross carrying amount		​		​
​	​	​	​	​
Financial assets measured at amortized cost		13,575		44
Financial assets measured at fair value through other comprehensive income		1,103,460		1,608,402
​		1,117,035		1,608,446
​	​	​	​	​
Expected credit loss provision		190		—
​		​		​
Expected loss rate		1.40	%	—

​

Contract assets of transaction based and support service

Management of financial risk

Schedule of movements in the impairment loss allowance

​

​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2020		2021		2022
​	​	RMB’000	​	RMB’000	​	RMB’000
Beginning of the year	​	—		(711)		(190)
(Additions)/Reversals of impairment loss	​	(711)	​	(1,170)	​	190
Write‑off	​	—		1,691		—
End of the year	​	(711)		(190)		—

​

Loans and advances to customers.

Management of financial risk

Schedule of movements in the impairment loss allowance

​

​	​	​	​	​	​	​
​		For the year ended December 31,
​	​	2020		2021		2022
​		RMB’000	​	RMB’000	​	RMB’000
Beginning of the year		—		(712)		(1,962)
(Additions)/Reversals of impairment loss		(712)		(1,250)		(10,616)
Write-off		—		—		1,050
End of the year		(712)		(1,962)		(11,528)

​

X

- Definition

The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2022-03-24
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2022-03-24

+ Details

Name:	ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of impairment loss and the reversal of impairment loss. [Refer: Impairment loss; Reversal of impairment loss]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 36
-IssueDate 2022-03-24
-Paragraph 126
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2022-en-r&anchor=para_126&doctype=Standard
-URIDate 2022-03-24

+ Details

Name:	ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.

+ References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. [Refer: Market risk [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2022-03-24
-Paragraph 40
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_40_a&doctype=Standard
-URIDate 2022-03-24

+ Details

Name:	ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of credit risk exposure of other receivables from financial guarantee fee receivables.

+ References

No definition available.

+ Details

Name:	ocft_DisclosureOfExposureToCreditRiskOfLoansOrReceivablesTableTextBlock
Namespace Prefix:	ocft_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for movements of Level 3 financial instruments measured at fair value.

+ References

No definition available.

+ Details

Name:	ocft_DisclosureOfFinancialInstrumentsRollForwardTableTextBlock
Namespace Prefix:	ocft_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of movements in the impairment loss allowance.

+ References

No definition available.

+ Details

Name:	ocft_DisclosureOfImpairmentLossAllowanceRollforwardTableTextBlock
Namespace Prefix:	ocft_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity analysis of undiscounted cash outflows.

+ References

No definition available.

+ Details

Name:	ocft_DisclosureOfMaturityAnalysisOfUndiscountedContractualCashFlowsTableTextBlock
Namespace Prefix:	ocft_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule for disclosure of contract asset and trade receivable.

+ References

No definition available.

+ Details

Name:	ocft_ScheduleForTabularDisclosureOfContractAssetAndTradeReceivableTableTextBlock
Namespace Prefix:	ocft_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=ocft_TradeReceivableAndContractAssetMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=ocft_ContractAssetsOfTransactionBasedAndSupportServiceMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=ocft_LoansAndAdvancesToCustomerMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: