GOODWILL (Tables)

12 Months Ended

Dec. 31, 2017

GOODWILL [abstract]

Schedule of goodwill

	RMB’000
Year ended 31 December 2016 and 2017
Opening net book amount	281,255
Additions	-
Impairment	-
Closing net book amount	281,255
At 31 December 2016 and 2017
Cost	281,255
Accumulated impairment	-
Net book amount	281,255

Schedule of key assumptions used for value-in-use calculations

Railroad business	2016	2017
Gross margin	18.92%	17.76%
Growth rate	2.00%	2.00%
Discount rate	12.44%	12.44%