| 5. | Investment in associates |
The Group’s investment in associates are summarized as below:
| 31.12.2015 | 31.12.2016 | 31.12.2017 | 31.12.2017 | |||||||||||||
| RMB’000 | RMB’000 | RMB’000 | US$’000 | |||||||||||||
|
Share of profit/(loss) of associates, net of tax |
245 | 456 | (28 | ) | (4 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| 31.12.2016 | 31.12.2017 | 31.12.2017 | ||||||||||||||
| RMB’000 | RMB’000 | US$’000 | ||||||||||||||
|
Carrying amount of investment |
3,836 | 2,185 | 345 | |||||||||||||
|
|
|
|
|
|
|
|||||||||||
Details of the associates are as follows:
| Name of company | Principal activities |
Place of incorporation/ business |
Group’s effective equity interest |
|||||||||||
| 31.12.2016 | 31.12.2017 | |||||||||||||
| % | % | |||||||||||||
|
Held by subsidiaries |
||||||||||||||
|
Sinjori Sdn. Bhd. |
Property investment and development |
Malaysia | 14.0 | 14.0 | ||||||||||
|
Guangxi Yuchai Quan Xing Machinery Co., Ltd. |
Manufacture spare part and sales of auto spare part, diesel engine & spare part, metallic materials, generator & spare part, chemical products (exclude dangerous goods), lubricating oil |
|
People’s Republic of China |
15.3 | 15.3 | |||||||||
|
Guangxi Yulin Yuchai Property Management Co., Ltd. (“Property Management”) (i) |
Property management |
|
People’s Republic
of China |
22.9 | — | |||||||||
Note:
| (i) |
In August 2017, YEMC disposed its equity interest in Property Management to State Holding Company for a consideration of RMB 1,832 (US$289). As a result, the Group recognized net gain on disposal of associate of RMB199 (US$31) in the Group’s profit or loss for the year ended December 31, 2017. |