GOODWILL (Tables)

12 Months Ended

Dec. 31, 2018

GOODWILL [abstract]

Schedule of goodwill

	RMB’000
Year ended 31 December 2017 and 2018
Opening net book amount	281,255
Additions	-
Impairment	-
Closing net book amount	281,255
At 31 December 2017 and 2018
Cost	281,255
Accumulated impairment	-
Net book amount	281,255

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

Railroad business	2017	2018
Gross margin	17.76%	16.73%
Growth rate	2.00%	2.00%
Discount rate	12.44%	12.44%