DEFERRED TAX ASSETS/(LIABILITIES)

12 Months Ended

Dec. 31, 2021

Deferred tax assets and liabilities [abstract]

Disclosure of deferred tax assets/(liabilities)

12. DEFERRED TAX ASSETS/(LIABILITIES)

	2020			2021
	RMB’000			RMB’000
Deferred tax assets		496,920			769,911
Less: Offsetting of deferred tax liabilities		(73,966	)		(71,515	)
Deferred tax assets (net)		422,954			698,396
Deferred tax liabilities		(132,879	)		(127,935	)
Less: Offsetting of deferred tax assets		73,966			71,515
Deferred tax liabilities (net)		(58,913	)		(56,420	)
		364,041			641,976

The analysis of deferred tax assets and deferred tax liabilities is as follows:

	2020			2021
	RMB’000			RMB’000
Deferred tax assets:
- Deferred tax assets to be recovered after more than 12 months		394,474			748,500
- Deferred tax assets to be recovered within 12 months		102,446			21,411
		496,920			769,911
Deferred tax liabilities:
- Deferred tax liabilities to be recovered after more than 12 months		(127,105	)		(122,034	)
- Deferred tax liabilities to be recovered within 12 months		(5,774	)		(5,901	)
		(132,879	)		(127,935	)

The movement in deferred tax assets and liabilities of the Group during the year, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows:

	At January 1 2020		Credited/ (Charged) to the comprehensive income statement			At December 31 2020		Credited/ (Charged) to the comprehensive income statement			At December 31 2021
	RMB’000		RMB’000			RMB’000		RMB’000			RMB’000
Deferred tax assets:
Deductible tax losses		—		302,586			302,586		90,167			392,753
Impairment provision for receivables		17,821		(27	)		17,794		(10,231	)		7,563
Impairment provision for fixed assets and construction-in-progress		11,626		2,959			14,585		3,645			18,230
Impairment provision for materials and supplies		4,410		(4,410	)		—		915			915
Differences in accounting base and tax base of government grants		23,251		2,015			25,266		169,185			194,451
Differences in accounting base and tax base of employee benefits obligations		50,803		35,317			86,120		10,178			96,298
Loss on disposal of fixed assets		25,115		(968	)		24,147		525			24,672
Difference in accounting base and tax base of party organization activity fee		16,276		10,146			26,422		(2,793	)		23,629
Difference in accounting base and tax base in the recognition of land disposal proceed		212,017		(212,017	)		—		—			—
Difference in accounting base and tax base of safety production reserve		—		—			—		2,971			2,971
Others		5,029		(5,029	)		—		8,429			8,429
		366,348		130,572			496,920		272,991			769,911

	At January 1 2020		(Credited)/ Charged to the comprehensive income statement			At December 31 2020		(Credited)/ Charged to the comprehensive income statement			At December 31 2021
	RMB’000		RMB’000			RMB’000		RMB’000			RMB’000
Deferred tax liabilities:
Differences in accounting base and tax base in recognition of fixed assets		5,251		(493	)		4,758		(1,528	)		3,230
Differences in accounting base and tax base in recognition of leasehold land payments		61,404		(2,491	)		58,913		(2,493	)		56,420
Changes in the fair value of available-for-sale financial assets		60,647		—			60,647		—			60,647
Others		9,201		(640	)		8,561		(923	)		7,638
		136,503		(3,624	)		132,879		(4,944	)		127,935

Deferred income tax assets are recognized for tax loss carry-forwards and other temporary difference to the extent that the realization of the related tax benefit through future taxable profits is probable. The Group did not recognize deferred income tax assets in respect of tax losses and other temporary difference amounting to RMB323,478,000 (2020: RMB263,450,000) arising from operations of subsidiaries which do not foresee to have enough tax deductible assessable profits in the near future.

	2020		2021
	RMB’000		RMB’000
Tax losses that can be carried forward (a)		235,403		306,669
Deductible temporary differences		28,047		16,809
		263,450		323,478

(a) The tax loss carry-forwards in which no deferred income tax assets were recognized will expire in the following years:

	2020		2021
	RMB’000		RMB’000
2021		22,090		—
2022		22,245		21,488
2023		36,393		36,393
2024		44,996		44,996
2025		109,679		109,246
2026		—		94,546
		235,403		306,669