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ACCRUED LIABILITIES AND OTHER PAYABLES
6 Months Ended
Jun. 30, 2022
ACCRUED LIABILITIES AND OTHER PAYABLES  
ACCRUED LIABILITIES AND OTHER PAYABLES

12.ACCRUED LIABILITIES AND OTHER PAYABLES

As of

    

June 30, 2022

    

December 31, 2021

RMB’000

RMB’000

Deposits received from distributors

 

16,200

 

16,200

Accrued salary

 

754

 

514

Accrued rent, electricity and water

 

1,231

 

1,156

Accrued other taxes

 

866

 

866

Others

 

987

 

3,645

 

20,038

 

22,381

The Company usually requests a deposit from RMB 400,000 to RMB 1,000,000 from new distributors upon signing a distributorship agreement as security for the performance of their obligations under the distributorship agreement.

Accrued liabilities consist mainly of accrued rental, wages and utility expenses.

The carrying value of accrued liabilities and other payables is considered to be a reasonable approximation of fair value.