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ASSETS AND LIABILITIES OF DISPOSAL GROUP (Tables)
 6 Months Ended
Jun. 30, 2023
Assets And Liabilities Of Disposal Group  
SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP

  

   As of
April 28, 2023		 
   RMB’000 
     
Right-of-use assets, net   26,670 
Inventories, net   25,798 
Trade receivables, net   2,875 
Other receivables and prepayments   2,890 
Cash and bank balances   256 
Accrued liabilities and other payables   (19,143)
Amounts owed to related parties   (35,057)
Lease liabilities   (19,315)
Taxes payable   (77)
SCHEDULE OF FINANCIAL PERFORMANCE AND CASH FLOW INFORMATION

The financial performance and cash flow information of disposed group are for the six months ended June 30, 2023 and 2022:

 

   2023   2022 
   Six Months Ended June 30, 
   2023   2022 
   RMB’000   RMB’000 
Financial performance          
           
Net sales   2,701    16,715 
           
Cost of goods sold   7,557    19,025 
           
Gross loss   (4,856)   (2,310)
           
Other income   5,716    8,717 
Selling and distribution expenses   (1,517)   (2,976)
Administrative expenses   (1,434)   (10,108)
Bad debt Reversal (expense)   1,000    (18,829)
Finance costs   (293)   (739)
           
Loss before taxation   (1,384)   (26,245)
           
Gain on disposal of discontinued operations   73,846    - 
Income tax expense   -    - 
           
Net loss for the year from discontinued operations   72,461    (26,245)
           
           
Cash flow information          
           
Net cash generated from operating activities from discontinued operations   14,118    8,406 
           
Net cash used in investing activities from discontinued operations   -    - 
           
Net cash used in financing activities from discontinued operations   (14,303)   (14,303)
           
Net (decrease) increase in cash and cash equivalents from discontinued operations   (185)   (5,897)