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Lease
12 Months Ended
Dec. 31, 2024
Lease  
Lease

20. Lease

 

This note provides information for leases where the Company is lease.

 

 

 

As of December 31,

 

 

 

2023

 

 

2024

 

 

 

RMB’000

 

 

RMB’000

 

Right-of-use asset

 

 

 

 

 

 

Office building

 

 

-

 

 

 

193

 

Total

 

 

-

 

 

 

193

 

 

Lease liability

 

 

 

 

 

 

Current

 

 

-

 

 

 

330

 

Total

 

 

-

 

 

 

330

 

 

The movement in the carrying amount of right-of-use assets during the years indicated is as follows:

 

 

 

As of December 31,

 

 

 

2023

 

 

2024

 

 

 

RMB’000

 

 

RMB’000

 

Opening carrying amount

 

 

-

 

 

 

-

 

Addition

 

 

 

 

 

 

443

 

Amortization

 

 

 

 

 

 

(250)

Closing carrying amount

 

 

 

 

 

 

193

 

 

The movement in the carrying amount of lease liabilities during the years indicated is as follows:

 

 

 

As of December 31,

 

 

 

2023

 

 

2024

 

 

 

RMB’000

 

 

RMB’000

 

Opening balance

 

 

-

 

 

 

-

 

Addition

 

 

-

 

 

 

443

 

Lease payments

 

 

-

 

 

 

(130)

Accretion of interest

 

 

-

 

 

 

17

 

Closing balance

 

 

-

 

 

 

330

 

 

Amount recognized in the Statements of Profit or Loss and Other Comprehensive Income (Loss):

 

 

 

As of December 31,

 

 

 

2023

 

 

2024

 

 

 

RMB’000

 

 

RMB’000

 

Amortization of right-of-use asset

 

 

-

 

 

 

250

 

Interest expense

 

 

-

 

 

 

17

 

 

The weighted-average remaining lease term and the weighted-average discount rate of leases are as follows:

 

 

 

As of December 31,

 

 

 

2023

 

 

2024

 

Weighted-average remaining lease term

 

 

-

 

 

0.83 year

 

Weighted-average discount rate

 

 

-

 

 

 

4.75%

 

The following table summarizes the maturity of lease liability as of December 31, 2024:

 

12 months ending December 31,

 

 

 

 

2025

 

 

334

 

Total lease payments

 

 

334

 

Less: imputed interest

 

 

(4)

Total lease liability

 

 

330