XML 89 R76.htm IDEA: XBRL DOCUMENT v3.22.1
INCOME TAX EXPENSE/(CREDIT) (Tables)
 12 Months Ended
Dec. 31, 2021
Major components of tax expense (income) [abstract]  
Schedule of analysis of current year taxation charges
An analysis of the current year income tax expense is as follows:
 
                                                                            
    
2019
RMB’000
     
2020
RMB’000
     
2021
RMB’000
  
Current income tax
   
 
357,576
 
   
 
1,551
 
   
 
        2,312
  
Deferred income tax (Note 12)
   
 
(96,448
) 
   
 
(134,196
) 
   
 
(277,935
) 
    
 
 
     
 
 
     
 
 
  
    
 
   261,128
  
   
 
(132,645
) 
   
 
(275,623
) 
    
 
 
     
 
 
     
 
 
  
Schedule of reconciliation of income tax expense/(credit)
The tax on the Group’s profit/(loss) before tax differs from the theoretical amount that would arise using the tax rate of the home country of the Company as follows:
 
                                                                            
    
2019
RMB’000
     
2020
RMB’000
     
2021
RMB’000
  
Profit/(loss) 
before tax
   
 
 1,009,092
  
   
 
(690,745
) 
   
 
(1,249,586
) 
    
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax calculated at the statutory rate of 25%
   
 
252,273
 
   
 
(172,686
) 
   
 
(312,397
) 
Effect of expenses not deductible for tax purposes
   
 
2,921
 
   
 
18,939
 
   
 
     23,307
  
Effect of income not subject to tax
   
 
(1,762
) 
   
 
(7,474
) 
   
 
(6,986
) 
Tax losses and temporary differences in accounting base and tax base for which no deferred tax asset was recogni
z
ed
   
 
11,249
 
   
 
27,420
 
   
 
20,827
 
Adjustments for current tax of prior periods
   
 
(2,410
) 
   
 
1,194
 
   
 
(77
) 
Utilization of previously unrecognized tax losses and temporary differences
   
 
(1,143
) 
   
 
(38
) 
   
 
(297
) 
    
 
 
     
 
 
     
 
 
  
Income tax expense/(credit)
   
 
261,128
 
   
 
(132,645
) 
   
 
(275,623
)