DEFERRED INCOME

12 Months Ended

Dec. 31, 2021

DEFERRED INCOME [abstract]

Disclosure of deferred income

24. DEFERRED INCOME

	2020		2021
	RMB’000		RMB’000
Government grants		104,939		781,563

Government grants relating to costs are deferred and recognized in the profit or loss over the period necessary to match them with the costs that they are intended to compensate.

Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as deferred income and are credited to profit or loss on a straight-line basis over the expected lives of the related assets.