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Property and equipment, net | 12 Months Ended
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Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
Property and equipment, net |
10. | Property and equipment, net
Property and equipment consists of the following:
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
Cost: |  |  |  |  |  |  |  |
Buildings |  |  | 102,795 |  |  |  | 75,092 |
Motor vehicles |  |  | 11,543 |  |  |  | 11,185 |
Leasehold improvements |  |  | 231,741 |  |  |  | 71,136 |
Equipment, fixture and furniture, and other fixed assets |  |  | 62,571 |  |  |  | 49,823 |
Total cost |  |  | 408,650 |  |  |  | 207,236 |
Less: Accumulated depreciation |  |  | 188,532 |  |  |  | 60,345 |
Property and equipment, net |  |  | 220,118 |  |  |  | 146,891 |
Depreciation expense recognized for the years ended December 31, 2018,2019 and 2020 were RMB 50,868, RMB 52,622 and RMB 50,319, respectively. As of December 31, 2018,2019 and 2020, the ownership certificates for buildings with carrying value of RMB25,604, RMB24,218 and nil have not been obtained, respectively. As of December 31, 2018,2019 and 2020, the buildings with carrying value of nil, RMB60,328and RMB56,573 have been pledged for the purpose of obtaining bank facilities.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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