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ACCRUED LIABILITIES AND OTHER PAYABLES
 12 Months Ended
Dec. 31, 2022
ACCRUED LIABILITIES AND OTHER PAYABLES

20. ACCRUED LIABILITIES AND OTHER PAYABLES

 

           
   As of December 31, 
   2022   2021 
   RMB’000   RMB’000 
Deposits received from distributors   —    16,200 
Accrued salary   402    514 
Accrued rent, electricity and water   —    1,156 
Accrued other taxes   —    866 
Rental income received in advance   —    - 
Others   397    3,645 
 Current accrued expenses and other current liabilities   799    22,381 

 

Accrued liabilities and other payables are denominated in the following currencies:

 

   As of December 31, 
   2022   2021 
   ‘000   ‘000 
In Renminbi   799    22,381 
In US dollars   —    — 

 

As of December 31, 2022, total accrued liabilities and other payables of discontinued operations was RMB 19,197,000 (Note 29).

 

Deposits received represent deposits from the Company’s distributors. The Company usually requests a deposit from RMB 400,000 to RMB 1,000,000 from new distributors upon signing a distributorship agreement as security for the performance of their obligations under the distributorship agreement.

 

Accrued liabilities consist mainly of accrued rental, wages and utility expenses. Others consist mainly of advance from third-party individuals and companies, which bear no interest and payable upon demand.

 

The carrying value of accrued liabilities and other payables is considered to be a reasonable approximation of fair value.