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Business Combination (Tables)
 6 Months Ended
Jun. 30, 2023
Disclosure of detailed information about business combination [abstract]  
Summary of Provisional Allocation of Fair Value of Assets and Liabilities as at Date of Acquisition and Analysis of Cash Flows

The provisional allocation of fair value to the identifiable assets and liabilities of Sinopower as at the date of acquisition is as follows:

 

 

 

Fair value recognized on acquisition
RMB’000
(Unaudited)

 

Total cash consideration

 

 

43,567

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

Cash and cash equivalents

 

 

9,519

 

Inventories, trade receivables and other current assets

 

 

34,455

 

Intangible assets

 

 

11,451

 

Other non-current assets

 

 

5,261

 

Total assets acquired

 

 

60,686

 

Interest-bearing bank borrowings

 

 

(15,343

)

Trade payables, lease liabilities and other payables

 

 

(41,215

)

Deferred tax liabilities

 

 

(1,691

)

Total liabilities assumed

 

 

(58,249

)

Net assets acquired

 

 

2,437

 

Non-controlling interests

 

 

608

 

Goodwill on acquisition

 

 

40,522

 

 

 

 

 

An analysis of the cash flows in respect of the acquisition of a subsidiary is as follows:

 

 

 

 

 

RMB’000

 

Total cash consideration

 

 

(43,567

)

Cash and cash equivalents

 

 

9,519

 

Net cash paid for acquisition of a subsidiary included in cash flows from investing activities

 

 

(34,048

)