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PREPAYMENTS AND OTHER RECEIVABLES
12 Months Ended
Dec. 31, 2021
PREPAYMENTS AND OTHER RECEIVABLES [abstract]  
Disclosure of prepayments and other receivables
20.
PREPAYMENTS AND OTHER RECEIVABLES
 
 
  
2020
 
  
2021
 
 
  
RMB’000
 
  
RMB’000
 
Due from third parties
     452,921        337,235  
Due from related parties
     242,601        171,059  
    
 
 
    
 
 
 
       695,522        508,294  
    
 
 
    
 
 
 
  
 
  
2020
 
  
2021
 
 
  
RMB’000
 
  
RMB’000
 
Other receivables
     606,452        423,028  
Less: Provision for impairment
     (10,590      (6,503
    
 
 
    
 
 
 
Other receivables, net (a)
     595,862        416,525  
Prepayments (b)
     99,660        91,769  
    
 
 
    
 
 
 
       695,522        508,294  
    
 
 
    
 
 
 
 
(a)
Other receivables mainly represent miscellaneous deposits and receivables arising from the course of provision of
non-railway
transportation services by the Group.
Movements on the provision for impairment of other receivables are as follows:
 
     2019      2020      2021  
     RMB’000      RMB’000      RMB’000  
At January 1
     10,590        10,590        10,590  
Provision for impairment
                    
Reversal of impairment loss provision
                   (3,660
Written off of impairment loss provision
                   (427
    
 
 
    
 
 
    
 
 
 
At December 31
     10,590        10,590        6,503  
    
 
 
    
 
 
    
 
 
 
 
(b)
Prepayments mainly represent amounts paid in advance to the suppliers for utilities and other operating expenses of the Group. As of December 31, 2021, the input VAT with related invoices not been received or verified amounted to RMB87,575,000 (2020: RMB94,536,000).
The carrying amounts of the Group’s prepayments and other receivables are denominated in the following currencies:
 
     2020      2021  
     RMB’000      RMB’000  
RMB
     695,522        507,854  
HKD
            440  
    
 
 
    
 
 
 
       695,522        508,294  
    
 
 
    
 
 
 
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable mentioned above. The Group does not hold any collateral as security.