DISPOSAL OF SUBSIDIARIES (Tables)

12 Months Ended

Dec. 31, 2023

Notes and other explanatory information [abstract]

SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP

	As of April 28, 2023
	RMB’000
Right-of-use assets, net		26,670
Inventories, net		25,798
Trade receivables, net		2,875
Other receivables and prepayments		2,890
Cash and bank balances		256
Accrued liabilities and other payables		(19,143	)
Amounts owed to related parties		(35,057	)
Lease liabilities		(19,315	)
Taxes payable		(77	)

SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE

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, is summarized in the following table.

	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, 2023, 2022 and 2021.

	Years ended December 31,
	2023			2022			2021
		RMB’000			RMB’000			RMB’000
Financial performance
Net sales		2,701			37,696			144,743
Cost of goods sold		7,557			41,245			83,436
Gross profit (loss)		(4,856	)		(3,549	)		61,307
Other income		5,716			14,244			9,388
Selling and distribution expenses		(1,517	)		(5,913	)		(6,298	)
Administrative expenses		(434	)		(51,297	)		(131,867	)
Finance costs		(293	)		(1,479	)		(2,115	)
Other expenses		—			—			(90	)
Loss before taxation		(1,384	)		(47,994	)		(69,675	)
Gain on disposal of discontinued operations		73,846			—			—
Net income (loss) for the year from discontinued operations		72,461			(47,994	)		(69,675	)
Cash flow information
Net cash generated from operating activities from discontinued operations		14,118			4,982			3,314
Net cash used in investing activities from discontinued operations		—			—			—
Net cash used in financing activities from discontinued operations		(14,303	)		(14,303	)		(14,303	)
Net (decrease) increase in cash and cash equivalents from discontinued operations		(185	)		(9,321	)		(10,989	)