XML 70 R53.htm IDEA: XBRL DOCUMENT v3.25.1

Management of financial risk (Tables)

12 Months Ended

Dec. 31, 2024

Management of financial risk

Schedule of tabular disclosure of contract asset and trade receivable

​

​	​	​	​	​	​	​
​	​	As at December 31, 2023
​		RMB’000		RMB’000		RMB’000
​		Trade		Contract		​
​		receivables		assets	​	Total
Gross carrying amount
Applying simplified approach		779,458		153,204		932,662
​	​	​	​	​	​	​
Loss allowance
Applying simplified approach		68,789		57,379		126,168

​

​	​	​	​	​	​	​
​	​	As at December 31, 2024
​		RMB’000		RMB’000		RMB’000
​		Trade		Contract		​
​		receivables		assets	​	Total
Gross carrying amount
Applying simplified approach		582,068		125,842		707,910
​	​	​	​	​	​	​
Loss allowance		​		​		​
Applying simplified approach		75,533	​	62,422		137,955

Schedule of impairment loss allowance

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As at December 31, 2023

​

Related

Up to

1 year to

2 year to

Above

​

​

​

parties

​

1 year

​

2 year

​

3 year

​

3 years

​

Total

Expected loss rate

​

2.13

%

4.56

%

41.29

%

77.39

%

94.34

%

13.53

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

306,636

476,215

72,327

​

29,615

​

47,869

​

932,662

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss allowance of trade receivables and contract assets applying simplified approach

6,528

21,698

29,863

​

22,920

​

45,159

​

126,168

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As at December 31, 2024

​

​

Related

​

Up to

​

1 year to

​

2 year to

​

Above

​

​

​

parties

1 year

2 year

3 year

3 years

Total

Expected loss rate

6.11

%

8.24

%

44.26

%

62.58

%

98.89

%

19.49

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

190,601

384,954

49,545

​

25,383

​

57,427

​

707,910

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss allowance of trade receivables and contract assets applying simplified approach

11,638

31,714

21,930

​

15,884

​

56,789

​

137,955

​

Schedule of undiscounted contractual cash flows

​

​	​	​	​	​	​	​
​	​	As at December 31, 2023
​		Within 1 year		1 to 5 years		Total
​	​	RMB’000	​	RMB’000	​	RMB’000
​	​	​	​	​	​	​
Short‑term borrowings		257,007	​	—	​	257,007
Trade and other payables		1,292,054	​	30,143	​	1,322,197
- Including: lease liabilities	​	24,829	​	30,143	​	54,972
Other financial liabilities from virtual bank	​	54,373	​	—	​	54,373
Customer deposits		2,269,261	​	—	​	2,269,261
Non‑derivative financial liabilities	​	3,872,695	​	30,143	​	3,902,838

​

​	​	​	​	​	​	​
​	​	As at December 31, 2024
​		Within 1 year		1 to 5 years		Total
​	​	RMB’000	​	RMB’000	​	RMB’000
​	​	​	​	​	​	​
Short‑term borrowings		19,160	​	—	​	19,160
Trade and other payables		685,112	​	11,351	​	696,463
- Including: lease liabilities	​	19,009	​	11,351	​	30,360
Non‑derivative financial liabilities		704,272	​	11,351	​	715,623

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

​

​	​	​	​	​	​	​	​	​
​	​	As at December 31, 2023
​		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 23)		—		925,204		—		925,204
Financial assets measured at fair value through other comprehensive income (Note 18)		319,949		—		1,906,189		2,226,138
Derivative financial assets (Note 33)	​	—	​	38,008	​	—	​	38,008

​

​	​	​	​	​	​	​	​	​
​	​	As at December 31, 2024
​		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 23)		—	​	455,016	​	—	​	455,016
Derivative financial assets (Note 33)	​	—	​	40,356	​	—	​	40,356

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

​

​	​	​	​	​	​	​
​	​	For the year ended
​	​	December 31,
​		2022		2023		2024
​	​	RMB’000	​	RMB’000	​	RMB’000
Beginning of the year		1,107,340	​	1,611,606	​	1,906,189
Additions, net		506,620	​	295,287	​	238,911
(Loss)/gain recognized in other comprehensive income	​	(1,678)	​	(789)	​	2,918
(Loss)/gain recognized in profit or loss	​	(676)	​	85	​	(10,881)
Disposal of subsidiaries (Note 12)	​	—	​	—	​	(2,137,137)
End of the year		1,611,606	​	1,906,189	​	—

Schedule of valuation inputs and relationships to fair value

​

​	​	​	​	​	​	​
​	​	Unobservable	​	Range of inputs
​		inputs		2023		2024
​	​	​	​	​	​	​
Financial assets measured at fair value through other comprehensive income
-Loans and advances to customers from virtual bank
​		Discount rate		7.09% - 10.29	%	*
​		Prepayment ratio		0.36	%	*

*2024 information not presented as the virtual bank was disposed of as described in Note 12.

​

​	​	​	​	​	​	​
​	​	​	​	Impact on the assets and
​	​	Unobservable	​	other comprehensive
​	​	inputs	​	income
​		​		2023		2024
​	​	​	​	​	​	​
-Loans and advances to customers from virtual bank
Discount rate		+5	%	(8,845)		*
​		-5	%	8,926		*
Prepayment ratio		+5	%	(315)		*
​		-5	%	315		*

*2024 information not presented as the virtual bank was disposed of as described in Note 12.

Currency risk

Management of financial risk

Schedule of sensitivity analysis

​

​	​	​	​	​	​	​
​		At December 31,
​	​	2022		2023		2024
​	​	Impact on post-tax profit
​	​	RMB’000	​	RMB’000	​	RMB’000
USD+5%		1,752	​	(16,596)		(14,099)
USD -5%		(1,752)	​	16,596		14,099

Interest rate risk

Management of financial risk

Schedule of sensitivity analysis

​

​	​	​	​	​	​	​
​		As at December 31, 2023
RMB million		HKD		USD		RMB
​	​	​	​	​	​	​
Impact on earnings over the next 12 months if interest rates rise by 200 basis points		(15)		3		—
Impact on economic value if interest rates rise by 200 basis points		(43)		(3)		—

​

Trade receivable and contract asset

Management of financial risk

Schedule of movements in the impairment loss allowance

​

​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2022		2023		2024
​	​	RMB’000	​	RMB’000	​	RMB’000
Beginning of the year		(125,318)	​	(116,899)		(126,168)
Additions of impairment loss, net	​	(18,715)	​	(42,101)	​	(30,214)
Recovery of amounts written off previously	​	(9,980)	​	—	​	—
Write-off		37,156	​	33,401		18,562
Exchange difference	​	(42)	​	(569)	​	(135)
End of the year		(116,899)	​	(126,168)		(137,955)

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

​

​	​	​	​	​
​	​	As at December 31,
​		2023		2024
​	​	RMB’000	​	RMB’000
Gross carrying amount		​		​
​	​	​	​	​
Financial assets measured at amortized cost		3,142		*
Financial assets measured at fair value through other comprehensive income		1,902,985		*
​		1,906,127		*
​	​	​	​	​
Expected credit loss provision		61		*
​		​		​
Expected loss rate		1.94	%	*

*2024 information not presented as the virtual bank was disposed of as described in Note 12.

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,
​		2022		2023		2024
​	​	RMB’000	​	RMB’000	​	RMB’000
Beginning of the year	​	(190)		—		(61)
Reversals/(additions) of impairment loss	​	190	​	(61)	​	15
Disposal of subsidiaries	​	—	​	—	​	46
End of the year	​	—		(61)		—

Loans and advances to customers.

Management of financial risk

Schedule of movements in the impairment loss allowance

​

​	​	​	​	​	​	​
​		For the year ended December 31,
​	​	2022		2023		2024
​		RMB’000	​	RMB’000	​	RMB’000
Beginning of the year		(1,962)		(11,528)		(12,061)
Additions of impairment loss		(10,616)		(13,344)		(10,863)
Write-off		1,050		12,811		2,222
Disposal of subsidiaries	​	—	​	—	​	20,702
End of the year		(11,528)	​	(12,061)	​	—

X

- Definition

The disclosure of the fair value of financial instruments. [Refer: Classes of financial instruments [domain]; At fair value [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022: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 2024-01-01
-Paragraph 126
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2024-en-r&anchor=para_126&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022: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 2024-01-01
-Paragraph 40
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_40_a&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022: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

The disclosure of the sensitivity analysis of the fair value measurement of assets and liabilities to changes in unobservable inputs.

+ References

No definition available.

+ Details

Name:	ocft_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTextBlock
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: