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CAPITAL MANAGEMENT (Tables)
12 Months Ended
Dec. 31, 2019
CAPITAL MANAGEMENT  
Schedule of capital structure

The Company monitors capital on the basis of the debt to capital ratio, which is calculated as net debts divided by equity attributable to shareholders of the Company.

 

 

 

 

 

 

 

 

As of December 31, 

 

 

    

2019

    

2018

 

 

 

RMB’000

 

RMB’000

 

Interest-bearing bank borrowings

 

 —

 

 —

 

Amounts owed to related parties

 

36,217

 

36,203

 

Total debts

 

36,217

 

36,203

 

Less: Cash and cash equivalents (excluding restricted bank balances)

 

(8,212)

 

(9,016)

 

Net debts

 

28,005

 

27,187

 

Equity attributable to shareholders of the Company

 

272,496

 

275,712

 

Gearing ratio

 

10.3

%  

9.9

%