FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2020

FINANCIAL RISK MANAGEMENT [abstract]

Schedule of foreign currency risk

	Currency	As at December 31
Monetary assets	denomination	2019	2020
Cash and cash equivalents	HKD	88,892	27,003
Cash and cash equivalents	USD	8	29
Other receivables	HKD	713	-
		89,613	27,032

Schedule of loss provision for trade receivables

	As at December 31, 2019			As at December 31, 2020
	Carrying amount	ECL rates	Loss provision	Carrying amount	ECL rates	Loss provision
Portfolio 1	232,848	-	-	202,484	-	-
Portfolio 2	4,033,727	1.42%	(57,201)	3,429,198	1.68%	(57,690)
Portfolio 3	196,694	2.00%	(3,934)	150,699	2.00%	(3,014)
Portfolio 4	99,950	-	-	-	-	-
	4,563,219		(61,135)	3,782,381		(60,704)

Schedule of reconciliation of loss provision for trade receivables

	Trade receivables
	2019 RMB’000	2020 RMB’000
Opening loss provision as at January 1	61,212	61,135
Receivables written off during the year as uncollectible	(77)	(73)
Reversal of impairment loss provision	-	(358)
Closing loss provision at December 31	61,135	60,704

Schedule of loss provision for other financial assets at amortized cost

	As at December 31, 2019			As at December 31, 2020
	Carrying amount	ECL rates	Loss provision	Carrying amount	ECL rates	Loss provision
Stage 1	250,863	2.38%	(5,959)	601,821	0.99%	(5,959)
Stage 2	-	-	-	-	-	-
Stage 3	4,631	100%	(4,631)	4,631	100%	(4,631)
	255,494		(10,590)	606,452		(10,590)

Schedule of liquidity risk

			Less than 1 year		Between 1 and 5 years		Over 5 years		Carrying amount
			RMB’000		RMB’000		RMB’000		RMB’000
At December 31, 2019
Trade and other payables excluding non-financial liabilities		2,683,828		-		-		2,683,828
Payables for fixed assets and construction-in-progress		1,802,592		-		-		1,802,592
Lease liabilities		58,490		233,960		4,796,180		5,088,630
Dividends payable		12,890		-		-		12,890
		4,557,800		233,960		4,796,180		9,587,940
	At December 31, 2020
	Trade and other payables excluding non-financial liabilities		3,417,934		-		-		3,417,934
	Payables for fixed assets and construction-in-progress		2,914,696		-		-		2,914,696
	Lease liabilities		61,880		258,820		5,665,980		5,986,680
	Dividends payable		13,749		-		-		13,749
			6,408,259		258,820		5,665,980		12,333,059

Schedule of fair value estimation

The following table presents the Group's assets that are measured at fair value at December 31, 2020:

	Level 1	Level 2	Level 3	Total
	RMB’000	RMB’000	RMB’000	RMB’000
Assets
Financial assets at FVOCI	-	-	377,631	377,631

The following table presents the Group's assets that are measured at fair value at December 31, 2019:

	Level 1	Level 2	Level 3	Total
	RMB’000	RMB’000	RMB’000	RMB’000
Assets
Financial assets at FVOCI	-	-	351,045	351,045

Schedule of changes in unobservable inputs

	Financial assets at FVOCI
Opening balance as at January 1, 2019	321,246
Acquisitions	29,799
Dividend received and recognized in other losses - net	7,047
Closing balance December 31, 2019	351,045
Acquisitions	26,586
Dividend received and recognized in other losses - net	7,735
Closing balance as at December 31, 2020	377,631