SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2020

Disclosure of operating segments [abstract]

SEGMENT INFORMATION

22.

SEGMENT INFORMATION

As of December 31, 2020, the Company had one operating segment: exploration and mining. Management monitors the results of the Group's operating segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on reportable segment profit/loss, which is a measure of adjusted profit/loss before tax. The adjusted profit/loss before tax is measured consistently with the Group's profit/loss before tax except that head office and corporate expenses are excluded from such measurement.

For the year ended December 31, 2018, the segment results were as follows:

	CNY
	Exploration and mining			Corporate activities			Total
Depreciation of property, plant and equipment		(63	)		(4	)		(67	)
Operating loss		(1,523	)		(4,684	)		(6,207	)
Interest income		1			25			26
Finance costs		(1	)		6			5
Loss for the year		(1,523	)		(4,653	)		(6,176	)
Capital expenditure		—			(5	)		(5	)
Total assets		527			7,216			7,743
Total liabilities		1,854			27,687			29,541

For the year ended December 31, 2019, the segment results were as follows:

	CNY
	Exploration and mining			Corporate activities			Total
Revenues from external customers		12,969			—			12,969
Depreciation of property, plant and equipment		(62	)		(4	)		(66	)
Depreciation of right-of-use assets		(34	)		(1,153	)		(1,187	)
Operating loss		(963	)		(4,636	)		(5,599	)
Interest income		1			15			16
Finance costs		(2	)		(60	)		(62	)
Loss for the year		(964	)		(4,681	)		(5,645	)
Capital expenditure		—			(5	)		(5	)
Total assets		4,268			4,030			8,298
Total liabilities		6,560			29,292			35,852

For the year ended December 31, 2020, the segment results were as follows:

	CNY
	Exploration and mining			Corporate activities			Total
Revenues from external customers		6,867			—			6,867
Depreciation of property, plant and equipment		(62	)		(3	)		(65	)
Depreciation of right-of-use assets		—			(976	)		(976	)
Operating loss		(682	)		(6,447	)		(7,129	)
Fair value gains on financial asset at fair value through profit or loss		—			31,334			31,334
Finance costs		(1	)		(59	)		(60	)
Interest income		1			17			18
Income tax benefit		—			1,416			1,416
(Loss)/profit for the year		(682	)		26,261			25,579
Capital expenditure		—			(9	)		(9	)
Total assets		39			142,389			142,428
Total liabilities		3,013			38,213			41,226

	US$
	Exploration and mining			Corporate activities			Total
Revenues from external customers		1,052			—			1,052
Depreciation of property, plant and equipment		(9	)		(1	)		(10	)
Depreciation of right-of-use assets		—			(149	)		(149	)
Operating loss		(104	)		(987	)		(1,091	)
Fair value gains on financial asset at fair value through profit or loss		—			4,798			4,798
Finance costs		—			(9	)		(9	)
Interest income		—			3			3
Income tax benefit		—			217			217
(Loss)/profit for the year		(105	)		4,023			3,918
Capital expenditure		—			(1	)		(1	)
Total assets		6			21,803			21,809
Total liabilities		461			5,852			6,313