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Financial Assets and Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about financial instruments [abstract]

18.1 Financial assets


	December 31, 2021		December 31, 2020
	RMB’000		RMB’000

Financial assets at FVTPL
Non-current
Equity investment at FVTPL		1,000		—

Total non-current financial assets at FVTPL		1,000		—

Total financial assets at FVTPL		1,000		—

Financial assets at amortised cost
Current
Trade receivables (Note 16)		111,104		181,722
Financial assets included in prepayments, other receivables and other assets		4,733		6,377
Net investments in subleases		355		211
Amounts due from related parties		306		1,763
Amounts due from shareholders		100		100
Cash and cash equivalents		59,045		25,719

Total current financial assets at amortised cost		175,643		215,892

Non-current
Financial assets included in prepayments, other receivables and other assets		3,010		148
Net investments in subleases		—		202

Total non-current financial assets at amortised cost		3,010		350

Total financial assets at amortised cost		178,653		216,242

Total financial assets		179,653		216,242

Schedule of Financial Liabilities

18.2 Financial liabilities

Lease liabilities and other financial liabilities at amortised cost, with carrying

amounts

that are reasonable approximations of fair values


	December 31, 2021		December 31, 2020
	RMB’000		RMB’000
Current

Trade payables		30,514		27,310
Financial liabilities included in other payables and accruals		20,381		29,485
Amount due to a related party		—		7,177
Amount due to a shareholder		325		325
Interest-bearing loans and borrowings		41,493		60,000
Lease liabilities		2,486		7,660

		95,199		131,957
Non-current
Interest-bearing loans and borrowings		6,046		—
Lease liabilities		793		9,830

		6,839		9,830

Total		102,038		141,787

Schedule of Quantitative Disclosures Of Financial Instruments IN The Fair Value Measurement Hierarchy

Quantitative disclosures of the Group’s financial instruments in the fair value measurement hierarchy as at December 31, 2021

Level 1

Level 2

Level 3

Total

RMB’000

Financial asset for which fair value is disclosed:

An unlisted investment measured at fair value through profit or loss

—

1,000

—

1,000

Schedule of Foreign Currency Risk

The following tables demonstrate the sensitivity at the end of the reporting period to a reasonably possible change in the United States dollar (“US$”) and HK$ exchange rates, with all other variables held constant, of the Group’s profit/(loss) before tax. The impact on the Group’s profit/(loss) before tax is due to changes in the fair values of monetary assets and liabilities. The Group’s exposure to foreign currency risk for all other currencies is not material.


For the year ended December 31, 2021	Change in exchange rate			Effect on loss before tax
				RMB’000
US$		+5	%		1,606
		-5	%		(1,606	)
HK$		+5	%		—
		-5	%		—


For the year ended December 31, 2020	Change in exchange rate			Effect on loss before tax
				RMB’000
US$		+5	%		(608	)
		–5	%		608
HK$		+5	%		—
		–5	%		—


For the year ended December 31, 2019	Change in exchange rate			Effect on profit before tax
				RMB’000
US$		+5	%		( 1,302	)
		–5	%		1,302
HK$		+5	%		1,672
		–5	%		(1,672	)

Schedule of Credit Quality and Maximum Exposure to Credit Risk

The tables below show the credit quality and the maximum exposure to credit risk based on the Group’s credit policy, which is mainly based on past due information unless other information is available without undue cost or effort, and

year-end

staging classification as at December 31, 2021 and 2020. The amounts presented are gross carrying amounts for financial assets.

As at December 31, 2021


	12-month expected credit losses		Lifetime expected credit losses
	Stage 1		Stage 2		Stage 3		Simplified approach		Total
	RMB’000		RMB’000		RMB’000		RMB’000		RMB’000

Trade receivables		—		—		—		116,776		116,776
Financial assets included in prepayments, other receivables and other assets
—Normal*		7,743		—		—		—		7,743
Net investments in subleases—Normal*		355		—		—		—		355
Amounts due from related parties—Doubtful*		306		—		2,000		—		2,306
Amounts due from shareholders—Normal*		100		—		—		—		100
Cash and cash equivalents
—not yet past due		59,045		—		—		—		59,045

		67,549		—		2,000		116,776		186,325

As at December 31, 2020


	12-month expected credit losses		Lifetime expected credit losses
	Stage 1		Stage 2		Stage 3		Simplified approach		Total
	RMB’000		RMB’000		RMB’000		RMB’000		RMB’000

Trade receivables		—		—		—		192,540		192,540
Financial assets included in prepayments, other receivables and other assets
—Normal*		6,525		—		—		—		6,525
Net investments in subleases—Normal*		413		—		—		—		413
Amounts due from related parties—Normal*		1,763		—		—		—		1,763
Amounts due from shareholders—Normal*		100		—		—		—		100
Cash and cash equivalents
—not yet past due		25,719		—		—		—		25,719

		34,520		—		—		192,540		227,060

The credit quality of the financial assets included in prepayments, other receivables and other assets, net investments in subleases, and amounts due from related parties and shareholders is considered to be “normal” when they are not past due and there is no information indicating that the financial assets had a significant increase in credit risk since initial recognition.

Otherwise

, the credit

quality

of the financial assets is considered to be “doubtful”.

Information About Credit Risk Exposure on Group's Trade Receivables Using Provision Matrix

Set out below is the information about the credit risk exposure on the Group’s trade receivables using a provision matrix:


				Days past due
	Current			1 - 90 days			91 - 180 Days			Over 181 days			Total
December 31, 2021
Expected credit loss rate		2.80	%		3.30	%		7.66	%		16.47	%		4.86	%
Gross carrying amount (RMB’000)		65,102			22,232			19,686			9,756			116,776
Expected credit loss (RMB’000)		1,824			733			1,508			1,607			5,672

				Days past due
	Current			1 - 90 days			91 - 180 Days			Over 181 days			Total
December 31, 2020
Expected credit loss rate		2.39	%		3.42	%		6.39	%		16.36	%		5.62	%
Gross carrying amount (RMB’000)		95,140			30,351			34,680			32,369			192,540
Expected credit loss (RMB’000)		2,270			1,039			2,215			5,294			10,818

Maturity Profile of Groups Financial Liabilities at End of Reporting Period Based on Contractual Undiscounted Payments

The table below summarises the maturity profile of the Group’s financial liabilities as at the end of the reporting period based on the contractual undiscounted payments:


	On demand		Less than 1 year		Over 1 year		Total
	RMB’000		RMB’000		RMB’000		RMB’000
As at December 31, 2021
Interest-bearing loans and borrowings		10,000		34,804		6,205		51,009
Lease liabilities		—		2,571		811		3,382
Trade payables		—		30,514		—		30,514
Due to a shareholder		325		—		—		325
Other payables and accruals		—		20,381		—		20,381
As at December 31, 2020
Interest-bearing loans and borrowings		10,000		54,306		—		64,306
Lease liabilities		—		8,263		13,515		21,778
Trade payables		—		27,310		—		27,310
Due to a shareholder		325		—		—		325
Due to a related party		—		7,177		—		7,177
Other payables and accruals		—		29,485		—		29,485

Excessive risk concentration

Schedule of Changes in Liabilities Arising from Financing Activities


	Interest- bearing loans and borrowings			Lease liabilities			Due to a shareholder		Due to a related party
	RMB’000			RMB’000			RMB’000		RMB’000
As at January 1, 2019		39,700			2,161			—		—
Changes from financing activities		15,300			(2,560	)		—		—
Additions		—			14,499			—		—
Accretion of interest		—			613			—		—

As at December 31, 2019 and January 1, 2020		55,000			14,713			—		—
Changes from financing activities		5,000			(4,688	)		—		7,177
Changes from operating activities		—			(778	)		—		—
Acquisition of a subsidiary		—			—			325		—
Additions		—			5,682			—		—
Accretion of interest		—			2,561			—		—

As at December 31, 2020 and January 1, 2021		60,000			17,490			325		7,177
Changes from financing activities		(12,461	)		(3,648	)		—		(7,177	)
Lease termination		—			(14,379	)		—		—
Additions		—			2,734			—		—
Accretion of interest		—			1,082			—		—

As at December 31, 2021		47,539			3,279			325		—