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DEFERRED INCOME
12 Months Ended
Dec. 31, 2019
DEFERRED INCOME [abstract]  
Disclosure of deferred income

24         DEFERRED INCOME

 

2018

2019

RMB’000

RMB’000

 

Government grants

99,765

97,467

 

 

 

 

Government grants relating to costs are deferred and recognized in the profit or loss over the period necessary to match them with the costs that they are intended to compensate.

 

Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as deferred income and are credited to profit or loss on a straight-line basis over the expected lives of the related assets.