GOODWILL (Tables)

12 Months Ended

Dec. 31, 2019

GOODWILL [abstract]

Schedule of goodwill

	RMB’000
Year ended December 31, 2018 and 2019
Opening net book amount	281,255
Additions	-
Impairment	-
Closing net book amount	281,255
At December 31, 2018 and 2019
Cost	281,255
Accumulated impairment	-
Net book amount	281,255

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

Railroad business	2018	2019
Gross margin (beyond the five-years period)	16.73%	16.30%
Growth rate (beyond the five-years period)	2.00%	2.00%
Discount rate	12.44%	12.44%