Deferred Tax Assets And Deferred Tax Liabilities

12 Months Ended

Dec. 31, 2024

23.	Deferred tax assets and deferred tax liabilities

Deferred income assets and liabilities of the Group are set out as follows:

Deferred assets and liabilities not taking into consideration the offsetting of

balances

are set out as follows:

(a)	The following table sets forth the details of deferred tax assets:


	December 31, 2022		December 31, 2023		December 31, 2024
	RMB’000		RMB’000		RMB’000
	(Restated)		(Restated)
Provision for asset impairments		2,322,459		2,218,179		2,435,906
Deductible tax losses		217,500		1,876,670		2,455,815
Guarantee liabilities		1,440,842		1,046,383		1,054,495
Revenue recognition - differences between accounting and tax book		1,097,274		1,023,477		880,682
Employee benefit payables		486,985		572,193		749,455
Accrued expenses		348,037		279,503		231,128
Changes in fair value		181,554		355,078		449,925
Lease liabilities		190,157		101,130		75,717
Others		25,360		8,734		5,819

		6,310,168		7,481,347		8,338,942

(b)	The following table sets forth the movements of the deferred tax asset:


Movements	Deductible tax losses		Provision for asset impairments			Employee benefit payables			Accrued expenses			Guarantee liabilities			Revenue recognition - differences between accounting and tax book			Others (Including changes in fair value)		Lease liabilities			Total
	RMB’000		RMB’000			RMB’000			RMB’000			RMB’000			RMB’000			RMB’000		RMB’000			RMB’000
As of January 1, 2022 (Restated)		194,627		988,778			760,611			494,000			674,277			1,635,551			203,718		202,812			5,154,374
Credited/(charged) - to profit or loss		22,873		1,333,681			(273,626	)		(145,963	)		766,565			(538,277	)		3,196		(12,655	)		1,155,794

As of December 31, 2022 (Restated)		217,500		2,322,459			486,985			348,037			1,440,842			1,097,274			206,914		190,157			6,310,168

Credited/(charged) - to profit or loss		1,659,170		(104,280	)		85,208			(68,534	)		(394,459	)		(73,797	)		156,898		(89,027	)		1,171,179

As of December 31, 2023 (Restated)		1,876,670		2,218,179			572,193			279,503			1,046,383			1,023,477			363,812		101,130			7,481,347

Credited/(charged) - to profit or loss		579,145		217,727			177,262			(48,375	)		8,112			(142,795	)		91,932		(25,413	)		857,595

As of December 31, 2024		2,455,815		2,435,906			749,455			231,128			1,054,495			880,682			455,744		75,717			8,338,942

(c)	The following table sets forth for the details of deferred tax liabilities:


	December 31, 2022		December 31, 2023		December 31, 2024
	RMB’000		RMB’000		RMB’000
	(Restated)		(Restated)
Unrealized consolidated earnings		1,376,336		1,799,823		1,483,995
Intangible assets arisen from business combination		211,565		211,565		226,759
Changes in fair value		61,546		114,056		93,281
Right-of-use assets		188,502		100,225		73,983
Others		11,561		16,163		20,898

		1,849,510		2,241,832		1,898,916

(d)	The following table sets forth the movements of the deferred tax liabilities:


Movements	Intangible assets arisen from business combination		Unrealized consolidated earnings			Effective interest adjustment			Changes in fair value			Others			Lease assets			Total
	RMB’000		RMB’000			RMB’000			RMB’000			RMB’000			RMB’000			RMB’000
As of January 1, 2022 (Restated)		211,565		495,016			18,045			83,146			13,557			201,248			1,022,577
Charged/(credited) - to profit or loss		—		881,320			(18,045	)		(21,600	)		(1,996	)		(12,746	)		826,933

As of December 31, 2022 (Restated)		211,565		1,376,336			—			61,546			11,561			188,502			1,849,510

Charged/(credited) - to profit or loss		—		423,487			—			52,510			4,602			(88,277	)		392,322

As of December 31, 2023 (Restated)		211,565		1,799,823			—			114,056			16,163			100,225			2,241,832

Charged/(credited) - to profit or loss		15,194		(315,828	)		—			(20,775	)		4,735			(26,242	)		(342,916	)

As of December 31, 2024		226,759		1,483,995			—			93,281			20,898			73,983			1,898,916

(e)	Deductible temporary differences and deductible losses that are not recognized as deferred tax assets are analyzed as follows:


	December 31, 2022		December 31, 2023		December 31, 2024
	RMB’000		RMB’000		RMB’000
	(Restated)		(Restated)
Deductible temporary differences		3,633,422		4,317,460		5,806,517
Deductible losses		2,088,415		2,678,583		4,110,264

		5,721,837		6,996,043		9,916,781

(f)	Deductible losses that are not recognized as deferred tax assets will expire as follows:

(g)	The following table sets forth the net balances of deferred tax assets and liabilities after offsetting: