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Intangible assets (Tables)

12 Months Ended

Dec. 31, 2022

Intangible assets.

Schedule of intangible assets


		Application and platform
		Contributed								Development
		by Ping		Developed				Purchased		costs in				Business
		An Group		internally		Acquired		Software		progress		Goodwill		license		Others		Total
		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000
Year ended December 31, 2021
Opening net book amount		—		287,674		29,709		44,758		121,122		289,161		124,145		20,494		917,063
Additions		—		—		570		19,606		62,287		—		—		—		82,463
Disposal, net		—		—		—		(1,103)		—		—		—		—		(1,103)
Write-off		—		(1,899)		—		—		(3,747)		—		—		—		(5,646)
Transfer		—		133,548		—		—		(133,548)		—		—		—		—
Amortization		—		(190,503)		(28,048)		(36,013)		—		—		(31,804)		(16,406)		(302,774)
Exchange differences		—		(1,877)		-		(207)		(725)		—		—		—		(2,809)
Closing net book amount		—		226,943		2,231		27,041		45,389		289,161		92,341		4,088		687,194

As at December 31, 2021
Cost		690,910		721,175		61,078		148,807		46,114		289,161		155,492		80,263		2,193,000
Accumulated amortization		(690,910)		(491,264)		(58,847)		(121,156)		-		-		(63,151)		(76,175)		(1,501,503)
Exchange differences		—		(2,968)		—		(610)		(725)		-		-		-		(4,303)
Net book amount		—		226,943		2,231		27,041		45,389		289,161		92,341		4,088		687,194


		Application and platform
		Contributed								Development
		by Ping		Developed				Purchased		costs in				Business
		An Group		internally		Acquired		Software		progress		Goodwill		license		Others		Total
		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000		RMB’000

Year ended December 31, 2022
Opening net book amount		—		226,943		2,231		27,041		45,389		289,161		92,341		4,088		687,194
Additions		—		—		—		927		44,950		—		—		—		45,877
Write-off		—		(6,371)		—		—		(3,837)		—		—		—		(10,208)
Transfer		—		58,528		—		—		(58,528)		—		—		—		—
Amortization		—		(110,801)		(2,231)		(15,729)		—		—		(31,315)		(2,045)		(162,121)
Exchange differences		—		7,907		—		582		1,205		—		—		—		9,694
Closing net book amount		—		176,206		—		12,821		29,179		289,161		61,026		2,043		570,436

As at December 31, 2022
Cost		690,910		773,332		61,078		149,734		28,699		289,161		155,492		80,263		2,228,669
Accumulated amortization		(690,910)		(602,065)		(61,078)		(136,885)		—		—		(94,466)		(78,220)		(1,663,624)
Exchange differences		—		4,939		—		(28)		480		—		—		—		5,391
Net book amount		—		176,206		—		12,821		29,179		289,161		61,026		2,043		570,436

Schedule of amortization expense


		Year ended December 31,
Amortization of intangible assets		2020		2021		2022
		RMB’000		RMB’000		RMB’000

Cost of revenue		275,479		297,406		146,466
Research and development expenses		3,812		3,396		6,282
General and administrative expenses		3,406		1,972		9,373
		282,697		302,774		162,121

Schedule of key assumptions used for value-in-use calculations


		For the year ended December 31,
		2021		2022
		RMB'000		RMB'000

Revenue growth rate		10%-24	%	-15%-13	%
Profit Margin		-24%-15	%	-15%-10	%
Long term growth rate		2	%	2	%
Pre-tax discount rate		16.30	%	17.50	%
Recoverable amount of the CGU exceeding its carrying amount (RMB’000)		3,191,952		781,499

Schedule of possible changes of key assumptions


Possible changes of significant assumptions		Recoverable amount of the CGU
		exceeding its carrying amount
		Year ended December 31,
		2021		2022
		RMB’000		RMB’000

Revenue growth rate decrease by 5%		1,325,839		373,790
Profit margin decrease by 1%		2,532,835		459,556
Long term growth rate decrease by 1%		2,741,710		669,058
Pre-tax discount rate increase by 1%		2,594,933		616,950