FIXED ASSETS - NET (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about property, plant and equipment [abstract]

Schedule of fixed assets-net

	Buildings			Tracks, bridges and service roads			Locomotives and rolling stock			Communications and signaling systems			Other machinery and equipment			Total
	RMB’000			RMB’000			RMB’000			RMB’000			RMB’000			RMB’000
At January 1, 2020
Cost		7,825,870			14,817,730			8,102,522			1,852,565			6,757,634			39,356,321
Accumulated depreciation		(3,141,585	)		(3,716,630	)		(2,905,802	)		(1,415,922	)		(4,579,251	)		(15,759,190	)
Impairment		(23,578	)		—			—			—			(7,472	)		(31,050	)
Net book amount		4,660,707			11,101,100			5,196,720			436,643			2,170,911			23,566,081
Year ended December 31, 2020
Opening net book amount		4,660,707			11,101,100			5,196,720			436,643			2,170,911			23,566,081
Other additions		4,196			—			47,666			2,178			98,138			152,179
Transfer in from construction-in-progress (Note 7)		396,446			198,800			1,932			28,733			154,590			780,501
Transfer out to construction-in-progress for improvement/ modifications (Note 7)		(129	)		(231,996	)		(434,216	)		(9,759	)		(9,028	)		(685,129	)
Transfer in from construction-in-progress after repair		6,291			292,244			744,298			38,726			20,241			1,101,800
Reclassifications		—			—			—			45			(45	)		—
Disposals		(26,206	)		(95,020	)		(68,749	)		(5,747	)		(29,281	)		(225,003	)
Depreciation charges		(335,123	)		(218,396	)		(669,210	)		(90,451	)		(348,999	)		(1,662,179	)
Impairment charge		—			—			(11,835	)		—			—			(11,835	)
Closing net book amount		4,706,182			11,046,732			4,806,606			400,368			2,056,527			23,016,415
At December 31, 2020
Cost		8,183,873			14,896,863			7,750,874			1,829,279			6,837,991			39,498,880
Accumulated depreciation		(3,454,113	)		(3,850,131	)		(2,932,433	)		(1,428,911	)		(4,773,992	)		(16,439,580	)
Impairment		(23,578	)		—			(11,835	)		—			(7,472	)		(42,885	)
Net book amount		4,706,182			11,046,732			4,806,606			400,368			2,056,527			23,016,415
Year ended December 31, 2021
Opening net book amount		4,706,182			11,046,732			4,806,606			400,368			2,056,527			23,016,415
Other additions		5,122			—			—			2,809			63,109			71,040
Government grant (c)		428,735			211,040			—			3,193			30,910			673,878
Transfer in from construction-in-progress (Note 7)		825,810			57,920			42,714			557,380			258,109			1,741,933
Transfer out to construction-in-progress for improvement/ modifications (Note 7)		—			(489,377	)		(1,397,690	)		(15,344	)		(1,463	)		(1,903,874	)
Transfer in from construction-in-progress after repair		317			690,534			1,585,558			26,457			3,596			2,306,462
Reclassifications		—			—			—			(9,107	)		9,107			—
Disposals		(13,250	)		(15	)		(59,370	)		(6,515	)		(15,856	)		(95,006	)
Depreciation charges		(382,616	)		(218,677	)		(648,769	)		(128,266	)		(407,782	)		(1,786,110	)
Impairment charge		—			(16,796	)		—			—			—			(16,796	)
Impairment write-off		322			—			—			—			1,897			2,219
Closing net book amount		5,570,622			11,281,361			4,329,049			830,975			1,998,154			24,010,161
At December 31, 2021
Cost		9,428,440			15,346,319			6,981,827			2,242,637			7,062,632			41,061,855
Accumulated depreciation		(3,834,561	)		(4,048,162	)		(2,640,943	)		(1,411,662	)		(5,058,903	)		(16,994,231	)
Impairment		(23,257	)		(16,796	)		(11,835	)		—			(5,575	)		(57,463	)
Net book amount		5,570,622			11,281,361			4,329,049			830,975			1,998,154			24,010,161

Schedule of building ownership certificates

	Carrying value as at December 31 2020 RMB’000	Carrying value as at December 31 2021 RMB’000	Reason for delay in obtaining the ownership certificates
Certificates for buildings under application procedures	980,689	1,367,851	The Group commenced such application procedures with the respective authorities in China, there has been progress made and the Group’s management does not expect any major difficulties in obtaining the remaining ownership certificates.
Certain buildings located on the land of which the land use right certificates have not been obtained	48,103	47,656	According to relevant laws and regulations in China, the land use right certificates of the land on which these buildings are located must be obtained before the Group can start the application for the respective housing ownership certificates. As a result, the Group will start to apply for the ownership certificates of these buildings after they have completed the procedures to obtain the land use right certificates.
Certain buildings attached to pieces of land which is held by lease	489,939	488,146	Such land is held by lease under certain operating lease arrangements. Due to the fact that the Group does not have the underlying land use right certificates for such land, therefore, the Group cannot apply for the respective ownership certificates of the buildings constructed on top of it. According to the lease agreements and communication with the lessors, and as confirmed by the Company’s legal counsel, the Group possesses the right to use and/or own such buildings without the certificates.