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ACCRUED LIABILITIES AND OTHER PAYABLES
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
ACCRUED LIABILITIES AND OTHER PAYABLES

21. ACCRUED LIABILITIES AND OTHER PAYABLES

  

   2023   2022 
   As of December 31, 
   2023   2022 
   RMB’000   RMB’000 
Deposits received from distributors   —    — 
Accrued salary   488    402 
Others   1,044    397 
Current accrued expenses and other current liabilities    1,532    799 

 

Accrued liabilities and other payables are denominated in the following currencies:

  

   As of December 31, 
   2023   2022 
   ‘000   ‘000 
In Renminbi   1,532    799 
In US dollars   —    — 

 

As of December 31, 2022, total accrued liabilities and other payables of discontinued operations was RMB 19,197,000 (Note 30).

 

Deposits received represent deposits from the Company’s distributors. 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. Others consist mainly of advance from third-party individuals and companies, which bear no interest and payable upon demand.

 

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