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Contract balances | 12 Months Ended
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Dec. 31, 2020
Contract Balances [Abstract] |
Contract balances |
7. | Contract balances
The following table provides information about contract assets, accounts receivable, deferred revenue and financial liabilities from contracts with customers.
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
Accounts receivable |  |  | 30,654 |  |  |  | 52,866 |
Less: Allowance for doubtful debts (i) |  |  | (1,751 | ) |  |  | (25,853 | )
Accounts receivable, net |  |  | 28,903 |  |  |  | 27,013 |
Contract assets |  |  | 7,824 |  |  |  | 6,194 |
Deferred revenue |  |  |  |  |  |  |  |
-current |  |  | 408,287 |  |  |  | 341,934 |
-non-current |  |  | 60,528 |  |  |  | 46,927 |
Financial liabilities from contracts with customers |  |  | 490,095 |  |  |  | 384,561 |
| (i) | Changes in the allowance for doubtful accounts were as follows:
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
At the beginning of the year |  |  | 125 |  |  |  | 1,751 |
Allowance made during the year |  |  | 1,700 |  |  |  | 25,694 |
Write-off |  |  | (74 | ) |  |  | (1,592 | )
At the end of the year |  |  | 1,751 |  |  |  | 25,853 |
Significant changes in the balances of contract assets, deferred revenue and financial liabilities from contracts with customers are as follows.
| (a) | Contract assets
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
At the beginning of the year |  |  | 14,208 |  |  |  | 7,824 |
Net off the beginning contract assets with financial liabilities, as the result of rights to consideration becoming unconditional |  |  | (13,527 | ) |  |  | (7,384 | )
Contract assets recognized with the recognition of revenue during the year |  |  | 7,143 |  |  |  | 5,754 |
At the end of the year |  |  | 7,824 |  |  |  | 6,194 |
| (b) | Deferred revenue and financial liabilities from contracts with customers
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
At the beginning of the year |  |  | 907,415 |  |  |  | 958,910 |
Net off the beginning contract assets with financial liabilities, as the result of rights to consideration becoming unconditional |  |  | (13,527 | ) |  |  | (7,384 | )
Revenue recognized that was included in the contract liabilities and financial liabilities at the beginning of the year |  |  | (709,412 | ) |  |  | (644,097 | )
Increase due to cash received, excluding amount recognized as revenue or refunded |  |  | 754,592 |  |  |  | 465,993 |
Disposal of subsidiaries |  |  | (5,256 | ) |  |  | - |
Business combination (note 4) |  |  | 25,098 |  |  |  | - |
At the end of the year |  |  | 958,910 |  |  |  | 773,422 |
Reconciliation to the consolidated balance sheets
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
Deferred revenue |  |  | 468,815 |  |  |  | 388,861 |
Financial liabilities |  |  | 490,095 |  |  |  | 384,561 |

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