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Capital management
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Capital management
34.
Capital management
The Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximizing the return to shareholders through the optimization of the debt and equity balance except where decisions are made to exit businesses or close companies.
The capital structure of the Group consists of debts (which includes the borrowings, lease liabilities and trade and other payables, less cash and bank balances) and equity attributable to equity holders of the parent (comprising issued capital and reserves).
 
 
  
31.12.2018
 
  
31.12.2019
 
  
31.12.2019
 
 
  
RMB’000
 
  
RMB’000
 
  
US$’000
 
    
Loans and borrowings (current and
non-current)
(Note 28(b))
  
 
2,016,092
 
  
 
2,055,046
 
  
 
290,052
 
Lease liabilities (current and non-current) (Note 27)
  
 
—  
 
  
 
60,007
 
  
 
8,469
 
Other liabilities (current and non-current) (Note 28(a))
  
 
48
 
  
 
—  
 
  
 
—  
 
Trade and other payables (current and
non-current)
(Note 24)
  
 
7,191,134
 
  
 
8,644,393
 
  
 
1,220,081
 
Less: Cash and bank balances (Note 18)
  
 
(6,128,522
) 
  
 
(6,390,918
) 
  
 
(902,023
) 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net debts
  
 
3,078,752
 
  
 
4,368,528
 
  
 
616,579
 
Equity attributable to equity holders of the parent
  
 
8,395,849
 
  
 
8,767,529
 
  
 
1,237,460
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total capital and net debts
  
 
11,474,601
 
  
 
13,136,057
 
  
 
1,854,039
 
 
  
 
 
 
  
 
 
 
  
 
 
 
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.
No changes were made in the objectives, policies or processes during the years ended December 31, 2018 and 2019.
As disclosed in Note 22, certain subsidiaries of the Group are required by the relevant authorities in the PRC to contribute and maintain a
non-distributable
statutory reserve fund whose utilization is subject to approval by the relevant authorities in the PRC. This externally imposed capital requirement has been complied with by the subsidiaries of the Group for the financial years ended December 31, 2018 and 2019.