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FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2021

FINANCIAL RISK MANAGEMENT

Schedule of company's remaining contractual maturities for its financial liabilities

​

​	​	​	​	​	​	​	​	​
​	​	As of December 31, 2021
​		​		More than 1		Total contractual		​
​	​	​	​	year but less	​	undiscounted	​	Carrying
​	​	Within 1 year	​	than 5 years	​	cash flow	​	amount
​	​	RMB’000	​	RMB’000	​	RMB’000	​	RMB’000
Trade payables		6,290		—		6,290		6,290
Amounts owed to related parties		36,348		—		36,348		36,348
Lease liabilities	​	14,883	​	34,565	​	49,448	​	49,448
Total		57,521		34,565		92,086		92,086

​

​	​	​	​	​	​	​	​	​
​	​	As of December 31, 2020
​		​		More than 1		Total contractual		​
​	​	​	​	year but less	​	undiscounted	​	Carrying
​	​	Within 1 year	​	than 5 years	​	cash flow	​	amount
​	​	RMB’000	​	RMB’000	​	RMB’000	​	RMB’000
Trade payables		6,750		—		6,750		6,750
Amounts owed to related parties		36,348		—		36,348		36,348
Lease liabilities		15,478		—		49,469		64,947
Total		58,576		49,469		108,045		108,045

​

(c) Interest rate risk

Schedule of loss before taxation

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2021		2020		2019
​	​	RMB’000	​	RMB’000	​	RMB’000
Loss before taxation		895		421		414

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The disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more, and more than, twelve months after reporting date.

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