v3.25.4
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases

12. Leases

 

This note provides information for leases where the Group is a lessee.

 

(a) Amounts recognized in the consolidated statements of financial position

 

   As of December 31, 
   2023   2024 
   RMB’000   RMB’000 
Right-of-use assets        
Office buildings   12,231    250 
Charging stations   1,795    4,554 
    14,026    4,804 

 

Lease liabilities        
Current   7,154    1,254 
Non-current   6,936    3,298 
    14,090    4,552 

 

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

 

   Office   Charging     
   buildings   stations   Total 
   RMB’000   RMB’000   RMB’000 
Year ended December 31, 2023            
Opening carrying amount   12,558    4,472    17,030 
Arising from business combination   5,018    —    5,018 
Additions   3,725    791    4,516 
Depreciation charge   (5,532)   (2,628)   (8,160)
Disposals   (3,538)   (840)   (4,378)
Closing carrying amount   12,231    1,795    14,026 
At December 31, 2023               
Cost   34,921    10,779    45,700 
Accumulated depreciation   (22,690)   (8,984)   (31,674)
Carrying amount   12,231    1,795    14,026 
Year ended December 31, 2024               
Opening carrying amount   12,231    1,795    14,026 
Additions   —    4,025    4,025 
Depreciation charge   (4,870)   (1,266)   (6,136)
Disposals   (3,950)   —    (3,950)
Disposal of subsidiaries   (3,161)   —    (3,161)
Closing carrying amount   250    4,554    4,804 
At December 31, 2024               
Cost   9,368    14,804    24,172 
Accumulated depreciation   (9,118)   (10,250)   (19,368)
Carrying amount   250    4,554    4,804 

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

 

   Office   Charging     
   buildings   stations   Total 
   RMB’000   RMB’000   RMB’000 
Year ended December 31, 2023            
Opening balance   12,619    3,561    16,180 
Arising from business combination   5,289    —    5,289 
Additions   3,725    791    4,516 
Interest expense recognized during the year   678    105    783 
Payments   (6,049)   (1,896)   (7,945)
Disposals   (3,849)   (884)   (4,733)
Closing balance   12,413    1,677    14,090 
Year ended December 31, 2024               
Opening balance   12,413    1,677    14,090 
Additions   —    4,025    4,025 
Interest expense recognized during the year   427    137    564 
Payments   (4,776)   (1,287)   (6,063)
Disposals   (4,396)   —    (4,396)
Disposal of subsidiaries   (3,668)   —    (3,668)
Closing balance   —    4,552    4,552 

 

The weighted average interest rate of incremental borrowings applied to the calculation of lease liabilities was 4.18% per annum as of December 31, 2023 and 2024.

 

The maturity analysis of lease liabilities is disclosed in Note 3.1(b).

 

(b) Amounts recognized in profit or loss and cash outflows

 

   Year ended December 31, 
   2022   2023   2024 
   RMB’000   RMB’000   RMB’000 
Depreciation charge of right-of-use assets            
—Office buildings   4,386    5,532    4,870 
—Charging stations   4,833    2,628    1,266 
    9,219    8,160    6,136 
Interest expense   1,089    783    564 
Expense relating to short-term leases (included in cost of revenues and operating expenses)   9,739    16,732    19,826 

 

The total cash outflows for leases in financing activities during the years indicated are as below:

 

   Year ended December 31, 
   2022   2023   2024 
   RMB’000   RMB’000   RMB’000 
Principal element of lease payments   6,834    7,231    5,499 
Related interest paid   388    714    564 
    7,222    7,945    6,063 

 

The total cash outflows for leases in operating activities during the years ended December 31, 2022, 2023 and 2024 amounted to RMB9.7 million, RMB16.7 million and RMB19.8 million, respectively.