XML 98 R14.htm IDEA: XBRL DOCUMENT
v3.20.1

INCOME TAX EXPENSE/(CREDIT) | 12 Months Ended
--- | ---
Dec. 31, 2019
INCOME TAX EXPENSE/(CREDIT) |
INCOME TAX EXPENSE/(CREDIT) | 9. INCOME TAX EXPENSE/(CREDIT)
|  | For the years ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | RMB’000 |  | RMB’000 |  | RMB’000
Current Tax: |  |  |  |  |  |
PRC Income Tax |  | 29 |  | — |  | 5,185
Reversal of income tax refundable |  | 27 |  | — |  | —
|  | — |  | — |  | 5,185
Deferred tax expense |  | — |  | 209 |  | 4,556
|  | 56 |  | 209 |  | 9,741
Reconciliation between income tax expense (credit) and (loss) profit before taxation at applicable tax rates is as follows:
|  | For the years ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | RMB’000 |  | RMB’000 |  | RMB’000
Loss before taxation |  | (9,445) |  | (418,465) |  | (78,285)
Tax calculated at a tax rate of 25% |  | (2,361) |  | (104,616) |  | (19,571)
Tax effect on non-deductible expenses |  | — |  | — |  | —
Tax effect on different tax rates of group entities operating in other jurisdictions |  | 842 |  | 588 |  | 218
Impairment losses on property, plant and equipment, and investment property that are not tax deductible |  | — |  | 20,191 |  | 8,817
Impairment losses on land use right that are not tax deductible |  | — |  | 1,064 |  | 353
Inventory provision (reversal) that are not tax deductible (taxable) |  | (14,192) |  | 13,993 |  | (683)
Bad debts expense that are not tax deductible |  | 17,165 |  | 79,057 |  | 6,232
Depreciation and amortization adjustments that are not tax deductible |  | (18,050) |  | (15,890) |  | (15,617)
Other |  | 29 |  | — |  | —
Income tax refund that are not expected to receive |  | — |  | — |  | 24,270
Net operating losses not recognized to deferred tax assets |  | 16,623 |  | 5,822 |  | 5,722
Tax per financial statements |  | 56 |  | 209 |  | 9,741
British Virgin Islands Profits Tax The Company has not been subject to any taxation in this jurisdiction for the years ended December 31, 2019, 2018 and 2017. Hong Kong Profits Tax The subsidiary in Hong Kong is subject to tax charged on Hong Kong sourced income with a statutory tax rate of 16.5% for the years ended December 31, 2019, 2018 and 2017. No Hong Kong profits tax has been provided as the Company has no assessable profit arising in Hong Kong for the years ended December 31, 2019, 2018 and 2017. PRC Income Tax The subsidiaries in the PRC are subject to the enterprise income tax in accordance with “PRC Enterprise Income Tax Law” (“EIT Law”), and the applicable income tax rate for the years ended December 31, 2019, 2018 and 2017 is 25%. Under the prevailing EIT Law and its relevant regulations, any dividends paid by the Company’s PRC subsidiaries to an overseas parent made out of profits earned after January 1, 2008 to non-PRC corporate residents are subject to a 10% PRC dividend withholding tax, unless reduced by tax treaties or arrangements. In addition, under the Sino-Hong Kong Double Tax Arrangement and its relevant regulations, a qualified Hong Kong tax resident will be liable for withholding tax at the rate of 5% for dividend income derived from the PRC if the Hong Kong tax resident is the “beneficial owner” and holds 25% or more of the equity interests of the PRC company. Deferred tax liabilities have been provided for based on the expected dividends to be distributed from these subsidiaries in the foreseeable future in respect of the profits generated since 1 January 2008. Dividends withholding tax represents tax charged/to be charged by the PRC tax authority on dividends distributed or intended to be distributed by the Company’s subsidiaries in Mainland China during the years. Deferred tax (assets)/liabilities recognized in the consolidated statements of financial position and the movements during the years are as follows:
|  | Dividend withholding |  | Inventory |  | Impairment |  | Bad debt |  | Net operating |  | Depreciation and |  |
Deferred tax arising from: |  | tax |  | provision |  | loss |  | allowance |  | loss |  | amortization |  | Total
|  | RMB’000 |  | RMB’000 |  | RMB’000 |  | RMB’000 |  | RMB’000 |  | RMB’000 |  | RMB’000
As of January 1, 2017 |  | — |  | (4,765) |  | — |  | — |  | — |  | — |  | (4,765)
Charges/(credits) for the year |  | — |  | 4,765 |  | — |  | — |  | — |  | (209) |  | 4,556
As of December 31, 2017 |  | — |  | — |  | — |  | — |  | — |  | (209) |  | (209)
Charges/(credits) for the year |  | — |  | — |  | — |  | — |  | — |  | 209 |  | 209
As of December 31, 2018 |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Charges/(credits) for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2019 |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Hengda and Hengdali, the Company’s PRC subsidiaries, have cumulative undistributed earnings of RMB 267,193,000, RMB 329,503,000 and RMB 380,109,000, as of December 31, 2019, 2018 and 2017, which are included in consolidated retained earnings. Deferred tax liabilities of RMB nil has been recognized to the extent of distributable profits earned by Hengda as of December 31, 2019, 2018and 2017. No provision has been made for deferred taxes related to future repatriation of the remaining earnings, as the Company controls the dividend policy of these PRC subsidiaries and it has been determined that it is probable that these profits will not be distributed in the foreseeable future. If the Company were to distribute these cumulated earnings in the foreseeable future, the deferred tax liabilities of RMB 13,360,000, RMB 16,475,000 and RMB 19,005,000 would be recognized as of December 31, 2019, 2018 and 2017, respectively. For the purpose of presentation in the consolidated statements of financial position, certain deferred tax assets and liabilities have been offset. The following is the analysis of the deferred tax balances in the consolidated statements of financial position for financial presentation purposes:
|  | As of December 31,
|  | 2019 |  | 2018
|  | RMB’000 |  | RMB’000
Deferred tax assets |  | — |  | —
Deferred tax liabilities |  | — |  | —
|  | — |  | —

X
- References No definition available. + Details
Name: | cccl_DisclosureOfIncomeTaxExpenseCreditAbstract
Namespace Prefix: | cccl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration