INVESTMENTS IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2019

INVESTMENTS IN ASSOCIATES [abstract]

Schedule of investments in associates

	2018	2019
	RMB’000	RMB’000
Share of net assets	181,725	174,686
Less: provision for impairment	-	-
	181,725	174,686

Schedule of movement of investments in associates

	2017	2018	2019
	RMB’000	RMB’000	RMB’000
Beginning of the year	167,604	174,548	181,725
Share of results after tax	6,944	7,177	(7,039)
End of the year	174,548	181,725	174,686

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
	2018		2019	2018		2019
	RMB’000		RMB’000	RMB’000		RMB’000
Current assets	121,465		77,732	1,143,125		1,612,909
Non-current assets	326,644		361,864	12,794		12,941
Total assets	448,109		439,596	1,155,919		1,625,850
Current liabilities	208,458		223,295	1,024,702		1,485,647
Equity	239,651		216,301	131,217		140,203
Share of net assets	117,429		105,987	64,296		68,699
Carrying amount of interest in associates	117,429		105,987	64,296		68,699

Schedule of summarised comprehensive income statements of associates

	Tiecheng					Shentu
		2017			2018			2019		2017	2018	2019
	RMB’000		RMB’000	RMB’000		RMB’000	RMB’000		RMB’000
Revenue		44,351			45,017			45,673		506,608	851,701	1,222,250
Net profit/(loss)		12,225			11,039			(23,350)		1,947	3,608	8,986
Total comprehensive income/(loss) for the year		12,225			11,039			(23,350)		1,947	3,608	8,986

Schedule of reconciliation of summarised financial information

	Tiecheng				Shentu			Total
	2017	2018	2019	2017		2018	2019	2017	2018	2019
	RMB’000	RMB’000	RMB’000	RMB’000		RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
Opening net assets	216,387	228,612	239,651	125,662		127,609	131,217	342,049	356,221	370,868
Profit/(loss) for the year	12,225	11,039	(23,350)	1,947		3,608	8,986	14,172	14,647	(14,364)
Closing net assets	228,612	239,651	216,301	127,609		131,217	140,203	356,221	370,868	356,504
Percentage of ownership interest	49%	49%	49%	49%		49%	49%	49%	49%	49%
Carrying value	112,020	117,429	105,987	62,528		64,296	68,699	174,548	181,725	174,686