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CASH AND BANK BALANCES | 12 Months Ended
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Dec. 31, 2020
CASH AND BANK BALANCES |
CASH AND BANK BALANCES | 17. CASH AND BANK BALANCES
|  | As of December 31,
|  | 2020 |  | 2019
|  | RMB’000 |  | RMB’000
Cash on hand |  | 8 |  | 18
Cash at banks |  | 12,336 |  | 8,194
Cash and bank balances |  | 12,344 |  | 8,212
Cash and bank balances are denominated in the following currencies:
|  | As of December 31,
|  | 2020 |  | 2019
|  | RMB’000 |  | RMB’000
Renminbi |  | 1,067 |  | 784
Hong Kong dollars |  | 77 |  | 6
US dollars |  | 11,200 |  | 7,422
|  | 12,344 |  | 8,212
Bank balances denominated in Renminbi are deposited with banks in the PRC and are not freely convertible to foreign currencies. The conversion of these RMB denominated balances into foreign currencies is subject to the foreign exchange control rules and regulations promulgated by the PRC Government. Bank balances denominated in US dollars are mainly held in bank accounts in Hong Kong and the United States of America. Cash at banks and bank deposits comprise cash held by the Company and short-term bank deposits with an original maturity of three months or less. The deposits carry interest at prevailing market rates. As of December 31, 2020, the Company has restricted cash of RMB nil (2019: 2,785,000), of which nil (2019: nil) was used as collateral for the Company’s bank borrowings, and nil was used as collateral for the Company’s financial derivatives (2019: nil). They were temporarily not available for general use by the Company.

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- Definition The disclosure of restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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