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OTHER RECEIVABLES AND PREPAYMENTS

12 Months Ended

Dec. 31, 2021

OTHER RECEIVABLES AND PREPAYMENTS

OTHER RECEIVABLES AND PREPAYMENTS

16.        OTHER RECEIVABLES AND PREPAYMENTS

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​	​	​	​	​
​	​	As of December 31,
​		2021		2020
​	​	RMB’000	​	RMB’000
Prepaid expense and prepayments*		20,264		640
Security deposit		105		121
Other receivable	​	412	​	84
​		20,781		845

​

All of the other receivables and prepayments are expected to be recovered or recognized as expense within one year. The net carrying value of these balances is considered a reasonable approximation of fair value. Prepaid expense mainly consisted of advance payment to the vendors as of December 31, 2021.

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*Refer to note 25 on prepayments made by the Company to a related party.

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The disclosure of other receivables and prepayments.

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