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ACCRUED LIABILITIES AND OTHER PAYABLES
 12 Months Ended
Dec. 31, 2018
Disclosure Of ACCRUED LIABILITIES AND OTHER PAYABLES [Abstract]  
Disclosure of accrued expenses and other liabilities [text block]
21.
ACCRUED LIABILITIES AND OTHER PAYABLES
 
 
 
As of December 31,
 
 
 
2018
 
 
2017
 
 
 
RMB’000
 
 
RMB’000
 
Deposits received from distributors
 
 
16,200
 
 
 
17,200
 
Accrued salary
 
 
2,331
 
 
 
3,804
 
Accrued rent, electricity and water
 
 
2,500
 
 
 
3,641
 
Accrued other taxes
 
 
1,541
 
 
 
1,728
 
Others
 
 
3,322
 
 
 
3,346
 
 
 
 
25,894
 
 
 
29,719
 
  
Accrued liabilities and other payables are denominated in the following currencies:
 
 
 
As of December 31,
 
 
 
2018
 
 
2017
 
 
 
RMB’000
 
 
RMB’000
 
Renminbi
 
 
25,859
 
 
 
29,696
 
US dollars
 
 
35
 
 
 
23
 
 
 
 
25,894
 
 
 
29,719
 
 
Deposits received represent deposits from the Company’s distributors. The Company usually requests a deposit from RMB 400,000 to RMB 1,000,000 from new distributors upon signing a distributorship agreement as security for the performance of their obligations under the distributorship agreement.
 
Accrued liabilities consist mainly of accrued rental, wages and utility expenses.
 
The carrying value of accrued liabilities and other payables is considered to be a reasonable approximation of fair value.