CHINA YUCHAI INTERNATIONAL LTD (ifrs-full:DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory)

The summarized financial information of the joint ventures, based on their IFRS financial statements, and reconciliation with the carrying amount of the investment in consolidated financial statements are set out below:


	31.12.2015
	Y & C			Copthorne Qingdao			Total
	RMB’000			RMB’000			RMB’000
Revenue		356,697			50,971			407,668
Depreciation and amortization		(23,453	)		(12,079	)		(35,532	)
Interest expense		(19,612	)		(8,599	)		(28,211	)
Loss for the year, representing total comprehensive loss for the year		(19,952	)		(20,311	)		(40,263	)

Proportion of the Group’s ownership		45	%		60	%

Group’s share of loss		(8,978	)		(12,187	)
Depreciation arising from fair value adjustment during purchase price allocation		—			(2,804	)
Reversal of cumulative impairment loss		—			21,932

Group’s share of (loss)/profit of significant joint ventures		(8,978	)		6,941			(2,037	)

Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures								(899	)

Group’s share of loss for the year, representing the Group’s share of total comprehensive loss for the year								(2,936	)


	31.12.2016
	Y & C			Total
	RMB’000			RMB’000
Non-current assets		616,397			616,397
Current assets
- Cash and bank balances		99,014			99,014
- Others		215,246			215,246

Total assets		930,657			930,657

Non-current liabilities		(60,382	)		(60,382	)
Current liabilities
- Interest-bearing loans and borrowings		(68,800	)		(68,800	)
- Others		(425,777	)		(425,777	)

Total liabilities		(554,959	)		(554,959	)

Equity		375,698			375,698

Proportion of the Group’s ownership		45	%

Group’s share of net assets		169,064

Carrying amount of significant joint ventures		169,064			169,064

Carrying amount of other joint ventures					7,287

Carrying amount of the investment in joint ventures					176,351


	2016
	Y & C			Copthorne Qingdao*			Total
	RMB’000			RMB’000			RMB’000
Revenue		553,878			3,674			557,552
Depreciation and amortization		(22,087	)		(2,797	)		(24,884	)
Interest expense		(14,012	)		(1,337	)		(15,349	)
Profit/(loss) for the year, representing total comprehensive loss for the year		4,531			(6,664	)		(2,133	)

Proportion of the Group’s ownership		45	%		60	%

Group’s share of profit/(loss)		2,039			(3,998	)
Depreciation arising from fair value adjustment during purchase price allocation		—			(467	)

Group’s share of profit/(loss) of significant joint ventures		2,039			(4,465	)		(2,426	)

Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures								(1,642	)

Group’s share of loss for the year, representing the Group’s share of total comprehensive loss for the year								(4,068	)

On February 23, 2016, the investment in Copthorne Qingdao was classified as asset held for sale. Accordingly, the information presented includes the results of Copthorne Qingdao only for the period from January 1, 2016 to February 23, 2016.


	31.12.2017
	Y & C			MTU			Total			Total
	RMB’000			RMB’000			RMB’000			US$’000
Non-current assets		734,270			32,015			766,285			121,068
Current assets
- Cash and bank balances		199,925			113,055			312,980			49,449
- Others		367,293			22,775			390,068			61,628

Total assets		1,301,488			167,845			1,469,333			232,144

Non-current liabilities		(13,543	)		—			(13,543	)		(2,140	)
Current liabilities
- Interest-bearing loans and borrowings		(13,500	)		—			(13,500	)		(2,133	)
- Others		(842,765	)		(34,820	)		(877,585	)		(138,652	)

Total liabilities		(869,808	)		(34,820	)		(904,628	)		(142,925	)

Equity		431,680			133,025			564,705			89,219

Proportion of the Group’s ownership		45	%		50	%

Group’s share of net assets		194,256			66,513
Unrealized profit on transactions with joint venture		(72,021	)		—

Carrying amount of significant joint ventures		122,235			66,513			188,748			29,821

Carrying amount of other joint ventures								7,354			1,162

Carrying amount of the investment in joint ventures								196,102			30,983


	31.12.2017
	Y & C			MTU			Total			Total
	RMB’000			RMB’000			RMB’000			US$’000
Revenue		1,331,823			—			1,331,823			210,419
Depreciation and amortization		(20,831	)		(227	)		(21,058	)		(3,327	)
Interest expense		(28,663	)		(343	)		(29,006	)		(4,583	)
Profit/(loss) for the year, representing total comprehensive income for the year		55,982			(16,973	)		39,009			6,163

Proportion of the Group’s ownership		45	%		50	%

Group’s share of profit		25,192			(8,487	)
Unrealized profit on transactions with joint venture		(7,437	)		—

Group’s share of profit of significant joint ventures		17,755			(8,487	)		9,268			1,464

Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures								814			129

Group’s share of profit for the year, representing the Group’s share of total comprehensive income for the year								10,082			1,593

CHINA YUCHAI INTERNATIONAL LTD | CIK:0000932695 |

ifrs-full:DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory