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Income tax expense (Tables)
12 Months Ended
Dec. 31, 2020
Schedule of Income tax expense

The Company’s income taxes consist of:

 

Year Ended December 31,

 

 

 

2018

 

 

2019

 

 

2020

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

Current income tax expenses

 

 

18,033

 

 

 

-

 

 

 

-

 

Deferred income tax expenses

 

 

-

 

 

 

-

 

 

 

-

 

Income tax expense

 

 

18,033

 

 

 

-

 

 

 

-

 

Schedule of reconciliation of income taxes

 

 

Year Ended December 31,

 

 

 

2018

 

 

2019

 

 

2020

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

Profit before income tax

 

 

26,188

 

 

 

58,616

 

 

 

19,854

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computed expected income tax expense

 

 

6,547

 

 

 

14,654

 

 

 

4,963

 

Tax effect of non-deductible expenses

 

 

17,173

 

 

 

6,260

 

 

 

13,817

 

Tax effect of tax-exempt entities

 

 

1,884

 

 

 

716

 

 

 

804

 

Tax effect of non-taxable income

 

 

(7,571

)

 

 

(21,630

)

 

 

(19,584

)

Income tax expense

 

 

18,033

 

 

 

-

 

 

 

-