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FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes and other explanatory information [abstract] |
SCHEDULE OF COMPANY REMAINING CONTRACTUAL MATURITIES FOR ITS FINANCIAL LIABILITIES | The following table details the Company’s remaining contractual maturities for its financial liabilities. The table has been drawn up based on undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The table includes both interest and principal cash flows. To the extent that interest flows are at a floating rate, the undiscounted amount is calculated based on interest rate at the end of the reporting periods: SCHEDULE OF COMPANY REMAINING CONTRACTUAL MATURITIES FOR ITS FINANCIAL LIABILITIES
|  | As of December 31, 2023 |
|  |  |  |  |  |  |  | Total |  |  |  |
|  | Within 1 year |  |  | More than 1 year but less than 5 years |  |  | contractual undiscounted cash flow |  |  | Carrying amount |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Trade payables |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amounts owed to related parties |  |  | 553 |  |  |  | - |  |  |  | 553 |  |  |  | 553 |
Note payable |  |  | 7,597 |  |  |  | 7,394 |  |  |  | 14,991 |  |  |  | 14,991 |
Lease liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  | 8,150 |  |  |  | 7,394 |  |  |  | 15,544 |  |  |  | 15,544 |
|  | As of December 31, 2022 |
|  |  |  |  | More than 1 |  |  | Total contractual |  |  |  |
|  | Within 1 year |  |  | year but less than 5 years |  |  | undiscounted cash flow |  |  | Carrying amount |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Trade payables |  |  | 3,079 |  |  |  | - |  |  |  | 3,079 |  |  |  | 3,079 |
Amounts owed to related parties |  |  | 1,291 |  |  |  | - |  |  |  | 1,291 |  |  |  | 1,291 |
Note payable |  |  | - |  |  |  | 8,775 |  |  |  | 8,775 |  |  |  | 8,775 |
Lease liabilities |  |  | 349 |  |  |  | 146 |  |  |  | 495 |  |  |  | 495 |
Total |  |  | 4,719 |  |  |  | 8,921 |  |  |  | 13,640 |  |  |  | 13,640 |
SUMMARY OF LOSS BEFORE TAXATION | SUMMARY OF LOSS BEFORE TAXATION
|  | As of December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Loss before taxation |  |  | 8 |  |  |  | 39 |  |  |  | 895 |

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