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COMMITMENTS (Tables)
12 Months Ended
Dec. 31, 2019
COMMITMENTS  
Schedule of total future minimum lease payments

The leases have varying terms and the total future minimum lease payments of the Company under non-cancellable operating leases are payable as follows:

 

 

 

 

 

 

 

 

 

As of December 31, 

 

    

2019

    

2018

    

2017

 

 

RMB’000

 

RMB’000

 

RMB’000

Within one year

 

5,792

 

13,902

 

13,902

After one year and within five years

 

 —

 

5,792

 

19,694

 

 

5,792

 

19,694

 

33,596

 

Schedule of capital expenditures contracted for at the balance sheet date but not recognized

Capital expenditures contracted for at the balance sheet date but not recognized in the financial statements are as follows:

 

 

 

 

 

 

 

 

 

As of December 31, 

 

    

2019

    

2018

    

2017

 

 

RMB’000

 

RMB’000

 

RMB’000

Contracted for capital commitment in respect of capital contribution to its wholly foreign owned subsidiary in the PRC:

 

  

 

  

 

  

Chengdu Future

 

30,000,000

 

 —

 

 —

Contracted but not provided for in the financial statements – acquisition of property, plant and equipment

 

 —

 

 —

 

 —

 

Schedule of other commitments

The Company had the following other commitments:

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2019

    

2018

    

2017

 

 

RMB’000

 

RMB’000

 

RMB’000

Advertising expenditure contracted but not provided for in the financial statements

 

 —

 

 —

 

1,670