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Income tax expense (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Income tax expense

The Company’s income taxes consist of:

 

Year Ended December 31,

 

 

 

2017

Restated

 

 

2018

 

 

2019

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

Current income tax expenses

 

 

15,550

 

 

 

18,033

 

 

 

-

 

Deferred income tax expenses

 

 

-

 

 

 

-

 

 

 

-

 

Income tax expense

 

 

15,550

 

 

 

18,033

 

 

 

-

 

Schedule of reconciliation of income taxes

 

 

Year Ended December 31,

 

 

 

2017

restated

 

 

2018

 

 

2019

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

Income before taxation

 

 

44,376

 

 

 

26,188

 

 

 

58,616

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computed expected income tax expense

 

 

11,094

 

 

 

6,547

 

 

 

14,654

 

Tax effect of non-deductible expenses

 

 

592

 

 

 

17,173

 

 

 

6,260

 

Tax effect of tax-exempt entities

 

 

3,864

 

 

 

1,884

 

 

 

716

 

Tax effect of non-taxable income

 

 

-

 

 

 

(7,571

)

 

 

(21,630

)

Income tax expense

 

 

15,550

 

 

 

18,033

 

 

 

-