Trade and other payables

12 Months Ended

Dec. 31, 2025

23Trade and other payables


		As at December 31,
		2024		2025
		RMB’000		RMB’000

Non-current
Payable relating to construction projects		59,842		72,586

Current
Trade payables		1,278,535		1,551,682
Payroll payable		148,352		187,895
Accrued expenses		375,588		372,210
Other taxes payable		58,899		111,984
Deposits		1,839,844		1,913,182
Payable relating to leasehold improvements		93,514		104,523
Payable relating to construction projects		25,579		733
Amounts due to related parties (Note 33(c))		8,123		8,834
Others		115,554		265,448
		3,943,988		4,516,491

Information about the Group’s exposure to currency and liquidity risk is included in Note 30.

The credit period granted by suppliers corresponding to trade payables is 30 to 90 days.

Deposits received from suppliers, distributors and franchisees are expected to be settled in its normal operating cycle and may be settled more than twelve months after the reporting period. All of the other trade payables, other payables, accruals and amounts due to related parties or franchisees are expected to be settled within one year or are repayable on demand.