XML 43 R26.htm IDEA: XBRL DOCUMENT

RIGHT-OF-USE ASSETS AND LEASES LIABILITIES

12 Months Ended

Dec. 31, 2021

RIGHT-OF-USE ASSETS AND LEASES LIABILITIES

RIGHT-OF-USE ASSETS AND LEASES LIABILITIES

21. RIGHT-OF-USE ASSETS AND LEASES LIABILITIES

(a) Amounts recognized in the consolidated statement of financial position

The carrying amounts of right-of-use assets for lease are as below:


Net book amount at January 1, 2020		RMB 5,078,000
Net book amount at December 31, 2020		RMB 58,458,000
Net book amount at January 1, 2021		RMB 58,458,000
Net book amount at December 31, 2021		RMB 44,288,000

During the year ended December 31, 2021, Hengdali subleased all its land and buildings. The cost, accumulated depreciation and impairment of land and buildings were reclassified to investment property. The net effect on the consolidated balance sheet was nil.

The lease liabilities are as below:


		As of December 31,
		2021		2020
		RMB’000		RMB’000
Lease liabilities - current		13,404		13,431
Lease liabilities – noncurrent		33,325		46,728
		46,729		60,159

Contractual undiscounted cash flows for the leases:


		As of December 31, 2021
						Total contractual
						undiscounted
		Within one year		One to five years		cash flow
		RMB’000		RMB’000		RMB’000
		14,883		34,565		49,448

(b) Amounts recognized in the consolidated income statement

The consolidated income statement shows the following amounts relating to leases:


		Year ended
		December 31, 2021
Amortization charge of right-of-use assets		14,067
Interest expense		2,166


		Year ended
		December 31, 2020
Amortization charge of right-of-use assets		13,082
Interest expense		2,746

The total cash outflow in financing activities for leases during the year ended December 31, 2021 and 2020 was RMB 15,447,000 and RMB 14,841,000.