INVESTMENTS IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2017

INVESTMENTS IN ASSOCIATES [abstract]

Schedule of investments in associates

	2016	2017
	RMB’000	RMB’000
Share of net assets	167,604	174,548
Less: provision for impairment	-	-
	167,604	174,548

Schedule of movement of investments in associates

	2016	2017
	RMB’000	RMB’000
Beginning of the year	168,711	167,604
Share of results after tax	7,223	6,944
Dividend	(8,330)	-
End of the year	167,604	174,548

Schedule of principal associates

Name of the entity	Percentage of equity interest attributable to the Company	Paid-in capital	Principal activities
Guangzhou Tiecheng Enterprise Company Limited (“Tiecheng”)	49%	RMB343,050,000	Properties leasing and trading of merchandise
Shenzhen Guangzhou Railway Civil Engineering Company (“Shentu”)	49%	RMB64,000,000	Construction of railroad properties

Schedule of summarised balance sheets of associates

		Tiecheng					Shentu
		2016			2017			2016	2017
		RMB’000			RMB’000			RMB’000	RMB’000
Current assets	87,733		105,556	921,761		780,104
Non-current assets	339,409		333,602	7,614		12,151
Total assets	427,142		439,158	929,375		792,255
Current liabilities	210,553		210,546	803,713		664,646
Non-current liabilities	202		-	-		-
Total liabilities	210,755		210,546	803,713		664,646
Equity	216,387		228,612	125,662		127,609
Share of net assets	106,030		112,020	61,574		62,528
Carrying amount of interest in associates	106,030		112,020	61,574		62,528

Schedule of summarised comprehensive income statements of associates

	Tiecheng					Shentu
		2015			2016			2017		2015	2016	2017
	RMB’000		RMB’000	RMB’000		RMB’000	RMB’000		RMB’000
Revenue		32,955			41,217			44,351		467,911	493,277	506,608
Net profit		4,516			8,800			12,225		583	5,941	1,947
Other comprehensive income		-			-			-		-	-	-
Total comprehensive income for the year		4,516			8,800			12,225		583	5,941	1,947

Schedule of reconciliation of summarised financial information

	Tiecheng		Shentu		Total
	2016	2017	2016	2017	2016	2017
	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
Opening net assets	207,587	216,387	136,721	125,662	344,308	342,049
Profit for the year	8,800	12,225	5,941	1,947	14,741	14,172
Dividend	-	-	(17,000)	-	(17,000)	-
Closing net assets	216,387	228,612	125,662	127,609	342,049	356,221
Percentage of ownership interest	49%	49%	49%	49%	49%	49%
Carrying value	106,030	112,020	61,574	62,528	167,604	174,548