ASSETS AND LIABILITIES OF DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE (Tables)

12 Months Ended

Dec. 31, 2022

Assets And Liabilities Of Disposal Group Classified As Held For Sale

SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP

Assets and liabilities of the Disposal Group were classified as “Assets classified as held for sale” and “Liabilities directly associated with assets classified as held for sale” respectively in accordance with IFRS 5 as at December 31, 2022.

	As of December 31, 2022
	RMB’000
ASSETS CLASSIFIED AS HELD FOR SALE
Right-of-use assets, net		30,937
Inventories, net		28,749
Trade receivables, net		11,683
Other receivables and prepayments		3,000
Cash and bank balances		306
Total assets of the Disposal Group held for sale		74,675

	As of December 31, 2022
	RMB’000
LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE
Accrued liabilities and other payables		19,197
Amounts owed to related parties		35,057
Lease liabilities		33,325
Taxes payable		951
Total liabilities of the Disposal Group directly associated with assets classified as held for sale		88,530

SCHEDULE OF FINANCIAL PERFORMANCE AND CASH FLOW INFORMATION

The financial performance and cash flow information presented are for the years ended December 31, 2022, 2021 and 2022.

	Years ended December 31,
	2022			2021			2020
		RMB’000			RMB’000			RMB’000
Financial performance
Net sales		37,696			144,743			182,989
Cost of goods sold		41,245			83,436			209,705
Gross profit (loss)		(3,549	)		61,307			(26,716	)
Other income		14,244			9,388			14,531
Selling and distribution expenses		(5,913	)		(6,298	)		(9,356	)
Administrative expenses		(51,297	)		(131,867	)		(168,622	)
Finance costs		(1,479	)		(2,115	)		(2,673	)
Other expenses		-			(90	)		-
Loss before taxation		(47,994	)		(69,675	)		(192,836	)
Income tax expense		-			-			-
Loss for the year from discontinued operations		(47,994	)		(69,675	)		(192,836	)
Total comprehensive loss from discontinued operations		(47,994	)		(69,675	)		(192,836	)
Cash flow information
Net cash generated from operating activities from discontinued operations		4,982			3,314			4,400
Net cash used in investing activities from discontinued operations		-			-			-
Net cash used in financing activities from discontinued operations		(14,303	)		(14,303	)		(14,136	)
Net (decrease) increase in cash and cash equivalents from discontinued operations		(9,321	)		(10,989	)		(9,736	)