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INVESTMENT PROPERTY | 12 Months Ended
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Dec. 31, 2020
INVESTMENT PROPERTY |
INVESTMENT PROPERTY | 12. INVESTMENT PROPERTY
|  | 2020 |  | 2019
|  | RMB’000 |  | RMB’000
Cost |  |  |  |
At December 31, 2020 and 2019 |  | 37,253 |  | 37,253
Accumulated depreciation |  |  |  |
As of beginning of the year |  | (1,886) |  | (1,886)
Depreciation for the year |  | — |  | —
As of end of the year |  | (1,886) |  | (1,886)
Impairment for the year |  |  |  |
As of beginning of the year |  | (35,367) |  | (35,367)
Impairment losses recognized in profit or loss transferred from property, plant and equipment |  | — |  | —
As of end of the year |  | (35,367) |  | (35,367)
Carrying amount |  |  |  |
At December 31, 2020 and 2019 |  | — |  | —
The fair value of this investment property, which is the estimation of the depreciated replacement cost, as of December 31, 2020 was RMB 31,800,000. However, due to the absence of the real estate ownership certificate, the Company assessed the recoverable amount of investment property, and determined that carrying amount was RMB nil at December 31, 2020 and 2019.

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- Definition The entire disclosure for investment property. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=40&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS40_g74-79_TI -URIDate 2020-01-01 + Details
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