SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

SEGMENT INFORMATION [abstract]

Schedule of segment results

	The Railway Transportation Business			All other segments			Elimination			Total
	2018	2019	2020	2018	2019	2020	2018	2019	2020	2018	2019	2020
	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
Segment revenue
- Railroad and Business	18,823,379	20,025,568	15,385,428	-	-	-	-	-	-	18,823,379	20,025,568	15,385,428
- Other Businesses	779,719	938,066	859,658	273,274	271,452	144,203	(48,354)	(56,735)	(39,923)	1,004,639	1,152,783	963,938
Total revenue	19,603,098	20,963,634	16,245,086	273,274	271,452	144,203	(48,354)	(56,735)	(39,923)	19,828,018	21,178,351	16,349,366
Timing of revenue recognition
- Over time	19,480,546	20,826,847	16,139,060	89,590	110,214	47,619	(48,354)	(56,735)	(39,923)	19,521,782	20,880,326	16,146,756
- At a point in time	122,552	136,787	85,664	183,684	161,238	74,118	-	-	-	306,236	298,025	159,782
- Lease	-	-	20,362	-	--	22,466	-	-	-	-	--	42,828
	19,603,098	20,963,634	16,245,086	273,274	271,452	144,203	(48,354)	(56,735)	(39,923)	19,828,018	21,178,351	16,349,366
Segment result	1,120,148	1,045,581	(584,770)	(26,078)	(36,489)	(105,975)	(25,270)	-	-	1,068,800	1,009,092	(690,745)
Finance costs - net	451	56,439	60,464	179	271	181	-	-	-	630	56,710	60,645
Share of results of associates, net of tax	7,177	(7,039)	22,162	-	-	-	-	-	-	7,177	(7,039)	22,162
Depreciation of fixed assets	1,603,106	1,633,185	1,657,475	6,637	4,113	4,704	-	-	-	1,609,743	1,637,298	1,662,179
Depreciation of right-of-use assets	-	53,992	54,179	-	11,332	11,332	-	-	-	-	65,324	65,511
Amortization of leasehold land payments	44,450	-	-	11,332	-	-	-	-		55,782	-	-
Amortization of long-term prepaid expenses	12,596	16,008	18,886	313	430	454	-	-	-	12,909	16,438	19,340
Impairment of fixed assets	10,364	20,697	11,835	-	-	-	-	-	-	10,364	20,697	11,835
Provision for impairment of materials and supplies	11,361	10,793	-	-	-	-	-	-	-	11,361	10,793	-
Reversal of impairment losses on financial assets	-	-	(78)			(280)			-			(358)

Schedule of reconciliation of segment results

	The Railway Transportation Business			All other segments			Elimination			Total
	2018	2019	2020	2018	2019	2020	2018	2019	2020	2018	2019	2020
	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
Segment result	1,120,148	1,045,581	(584,770)	(26,078)	(36,489)	(105,975)	(25,270)	-	-	1,068,800	1,009,092	(690,745)
Income tax (expense)/credit	(291,202)	(262,942)	130,468	1,436	1,814	2,177	-	-	-	(289,766)	(261,128)	132,645
Profit/(Loss) for the year	828,946	782,639	(454,302)	(24,642)	(34,675)	(103,798)	(25,270)	-	-	779,034	747,964	(558,100)

Schedule of segment assets and liabilities

	The Railway Transportation Business		All other segments		Elimination		Total
	2019	2020	2019	2020	2019	2020	2019	2020
	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
Total segment assets	36,691,272	36,573,556	485,891	443,479	(284,030)	(236,582)	36,893,133	36,780,453
Total segment assets include:
Investment in associates	174,686	196,848	-	-	-	-	174,686	196,848
Additions to non-current assets (other than financial instruments and deferred tax assets)	1,757,394	1,748,748	3,097	679	-	-	1,760,491	1,749,427
Total segment liabilities	7,348,182	8,184,773	595,487	656,875	(189,817)	(217,364)	7,753,852	8,624,284