CAPITAL MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2020

CAPITAL MANAGEMENT

Schedule of capital structure

The Company monitors capital on the basis of the debt to capital ratio, which is calculated as net debts divided by equity attributable to shareholders of the Company.

	As of December 31,
	2020		2019
	RMB’000		RMB’000
Interest-bearing bank borrowings	—		—
Amounts owed to related parties	36,348		36,217
Total debts	36,348		36,217
Less: Cash and cash equivalents (excluding restricted bank balances)	(12,344)		(8,212)
Net debts	24,004		28,005
Equity attributable to shareholders of the Company	96,758		272,496
Gearing ratio	24.8	%	10.3	%