INVESTMENTS IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2020

INVESTMENTS IN ASSOCIATES [abstract]

Schedule of investments in associates

	2019	2020
	RMB’000	RMB’000
Share of net assets	174,686	196,848
Less: provision for impairment	-	-
	174,686	196,848

Schedule of movement of investments in associates

	2018	2019	2020
	RMB’000	RMB’000	RMB’000
Beginning of the year	174,548	181,725	174,686
Share of results after tax	7,177	(7,039)	22,162
End of the year	181,725	174,686	196,848

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 summarized balance sheets of associates

	Tiecheng			Shentu
	2019		2020	2019		2020
	RMB’000		RMB’000	RMB’000		RMB’000
Current assets	77,732		93,571	1,612,909		1,974,930
Non-current assets	361,864		373,860	12,941		10,209
Total assets	439,596		467,431	1,625,850		1,985,139
Current liabilities	223,295		221,928	1,485,647		1,828,909
Equity	216,301		245,503	140,203		156,230
Share of net assets	105,987		120,296	68,699		76,552
Carrying amount of interest in associates	105,987		120,296	68,699		76,552

Schedule of summarized comprehensive income statements of associates

	Tiecheng							Shentu
	2018		2019			2020		2018		2019		2020
	RMB’000		RMB’000			RMB’000		RMB’000		RMB’000		RMB’000
Revenue		45,017		45,673			43,241		851,701		1,222,250		1,519,711
Net profit/(loss)		11,039		(23,350	)		29,202		3,608		8,986		16,027
Total comprehensive income for the year		11,039		(23,350	)		29,202		3,608		8,986		16,027

Schedule of reconciliation of summarized financial information

	Tiecheng				Shentu			Total
	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
Opening net assets	228,612	239,651	216,301	127,609		131,217	140,203	356,221	370,868	356,504
Profit/(loss) for the year	11,039	(23,350)	29,202	3,608		8,986	16,027	14,647	(14,364)	45,229
Closing net assets	239,651	216,301	245,503	131,217		140,203	156,230	370,868	356,504	401,733
Percentage of ownership interest	49%	49%	49%	49%		49%	49%	49%	49%	49%
Carrying value	117,429	105,987	120,296	64,296		68,699	76,552	181,725	174,686	196,848