Cash flow information |
25 Cash flow information (a) Reconciliation of (loss)/profit for the year to cash generated from operations: | | | | | | | | | | | | | For the year ended June 30, | | | | | 2020 | | 2021 | | 2022 | | | Note | | RMB’000 | | RMB’000 | | RMB’000 | (Loss)/profit for the year | | | | (260,176) | | (1,429,447) | | 639,743 | Less: Loss from discontinued operations for the year | | | | 130,045 | | — | | — | | | | | | | | | | (Loss)/profit from continuing operations for the year | | | | (130,131) | | (1,429,447) | | 639,743 | Adjustments for: | | | | | | | | | Interest on lease liabilities | | 10 | | 26,117 | | 26,817 | | 32,991 | Depreciation and amortization | | 8 | | 268,669 | | 265,019 | | 389,871 | Interest on loans and borrowings | | 10 | | 5,221 | | 1,545 | | 405 | Interest income | | 10 | | (25,608) | | (40,433) | | (66,344) | Investment income from other investments | | 9 | | (26,387) | | (66,837) | | (63,801) | Net change in fair value of other investments | | 9 | | 1,465 | | (2,968) | | (5,709) | Losses on disposal of property, plant and equipment and intangible assets | | 9 | | 2,526 | | 2,317 | | 5,614 | Impairment loss on non-current assets | | | | 36,844 | | 2,941 | | 13,485 | Unrealized foreign exchange loss/(gain) | | | | 6,064 | | (46,378) | | 6,806 | Effect of lease contract cancellation | | | | 657 | | (2,630) | | (25,015) | Fair value changes of paid-in capital subject to redemption and other preferential rights/redeemable shares with other preferential rights | | | | 680,033 | | 1,625,287 | | — | Share of loss of an equity-accounted investee, net of tax | | | | — | | 4,011 | | 8,162 | Equity-settled share-based payment expenses | | 8 | | 364,380 | | 281,319 | | 82,835 | Income tax | | 11(a) | | 210,949 | | 213,255 | | 267,070 | | | | | | | | | | Changes in working capital: | | | | | | | | | Inventories | | | | (86,717) | | (93,197) | | 307,966 | Trade and other receivables | | | | (120,235) | | (80,087) | | (190,145) | Contract liabilities | | | | (29,033) | | 34,353 | | 86,314 | Trade and other payables | | | | 50,310 | | 386,703 | | 180,122 | Restricted cash | | | | 1,861 | | 3,376 | | (28,696) | Deferred income | | | | — | | 26,065 | | (5,282) | | | | | | | | | | Cash generated from operations | | | | 1,236,985 | | 1,111,031 | | 1,636,392 |
(b) Reconciliation of liabilities arising from financing activities: | | | | | | | | | | | | | | | | | Paid-in capital | | | | | | | | | | | | | subject to | | | | | | | | | | | | | redemption and | | | | | | | | | | | | | other | | | | | | | | | | | | | preferential | | | | | | | | | | | | | rights/redeemable | | | | | | | | | | | Loans and | | shares with other | | Interest | | Lease | | Other | | | | | borrowings | | preferential rights | | payable | | liabilities | | payables | | Total | | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | At July 1, 2019 | | 8,060 | | 1,701,294 | | 1,655 | | 496,570 | | 10,471 | | 2,218,050 | | | | | | | | | | | | | | Changes from financing cash flows: | | | | | | | | | | | | | Proceeds from loans and borrowings | | 410,734 | | — | | — | | — | | — | | 410,734 | Repayment of loans and borrowings | | (2,889) | | — | | — | | — | | — | | (2,889) | Interest of loans and borrowings paid | | — | | — | | (6,266) | | — | | — | | (6,266) | Payment of capital element and interest element of lease liabilities | | — | | — | | — | | (193,827) | | — | | (193,827) | Payments for acquisition of subsidiaries under common control | | — | | — | | — | | — | | (10,471) | | (10,471) | | | | | | | | | | | | | | Total changes from financing cash flows | | 407,845 | | — | | (6,266) | | (193,827) | | (10,471) | | 197,281 | | | | | | | | | | | | | | Exchange adjustments | | 484 | | — | | — | | (9,939) | | — | | (9,455) | | | | | | | | | | | | | | Other changes: | | | | | | | | | | | | | Fair value changes of paid-in capital subject to redemption and other preferential rights/redeemable shares with other preferential rights | | — | | 680,033 | | — | | — | | — | | 680,033 | Increase in lease liabilities from entering into new leases during the year | | — | | — | | — | | 298,516 | | — | | 298,516 | Decrease in lease liabilities from derecognition | | — | | — | | — | | (14,463) | | — | | (14,463) | Increase in interest expenses | | — | | — | | 5,221 | | 26,117 | | — | | 31,338 | | | | | | | | | | | | | | Total other changes | | — | | 680,033 | | 5,221 | | 310,170 | | — | | 995,424 | | | | | | | | | | | | | | At June 30, 2020 | | 416,389 | | 2,381,327 | | 610 | | 602,974 | | — | | 3,401,300 |
| | | | | | | | | | | | | | | Redeemable | | | | | | | | | Loans and | | shares with other | | Interest | | Lease | | | | | borrowings | | preferential rights | | payable | | liabilities | | Total | | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | | | Note 26 | | | | | | Note 28 | | | At July 1, 2020 | | 416,389 | | 2,381,327 | | 610 | | 602,974 | | 3,401,300 | | | | | | | | | | | | Additions through business combination | | 21,979 | | — | | — | | 38,713 | | 60,692 | | | | | | | | | | | | Changes from financing cash flows: | | | | | | | | | | | Proceeds from loans and borrowings | | 313 | | — | | — | | — | | 313 | Repayment of loans and borrowings | | (416,588) | | — | | — | | — | | (416,588) | Interest of loans and borrowings paid | | — | | — | | (1,488) | | — | | (1,488) | Payment of capital element and interest element of lease liabilities | | — | | — | | — | | (215,762) | | (215,762) | | | | | | | | | | | | Total changes from financing cash flows | | (416,275) | | — | | (1,488) | | (215,762) | | (633,525) | | | | | | | | | | | | Exchange adjustments | | (1,499) | | (42,771) | | — | | (22,607) | | (66,877) | | | | | | | | | | | | Other changes: | | | | | | | | | | | Fair value changes of redeemable shares with other preferential rights | | — | | 1,625,287 | | — | | — | | 1,625,287 | Decrease in redeemable shares with other preferential rights | | — | | (3,963,843) | | — | | — | | (3,963,843) | Increase in lease liabilities from entering into new leases during the year | | — | | — | | — | | 403,955 | | 403,955 | Decrease in lease liabilities from derecognition | | — | | — | | — | | (29,678) | | (29,678) | Increase in interest expenses | | — | | — | | 1,545 | | 26,817 | | 28,362 | | | | | | | | | | | | Total other changes | | — | | (2,338,556) | | 1,545 | | 401,094 | | (1,935,917) | | | | | | | | | | | | At June 30, 2021 | | 20,594 | | — | | 667 | | 804,412 | | 825,673 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loans and | | Interest | | Lease | | | | | borrowings | | payable | | liabilities | | Total | | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | | | Note 26 | | | | Note 28 | | | At July 1, 2021 | | 20,594 | | 667 | | 804,412 | | 825,673 | | | | | | | | | | Changes from financing cash flows: | | | | | | | | | Repayment of loans and borrowings | | (5,295) | | — | | — | | (5,295) | Interest of loans and borrowings paid | | — | | (1,000) | | — | | (1,000) | Payment of capital element and interest element of lease liabilities | | — | | — | | (317,017) | | (317,017) | | | | | | | | | | Total changes from financing cash flows | | (5,295) | | (1,000) | | (317,017) | | (323,312) | | | | | | | | | | Exchange adjustments | | 197 | | (29) | | 2,260 | | 2,428 | | | | | | | | | | Other changes: | | | | | | | | | Increase in lease liabilities from entering into new leases during the year | | — | | — | | 338,131 | | 338,131 | Decrease in lease liabilities from derecognition | | — | | — | | (209,712) | | (209,712) | Increase in interest expenses | | — | | 405 | | 32,991 | | 33,396 | Forgiveness of loans and borrowings | | (8,548) | | — | | — | | (8,548) | | | | | | | | | | Total other changes | | (8,548) | | 405 | | 161,410 | | 153,267 | | | | | | | | | | At June 30, 2022 | | 6,948 | | 43 | | 651,065 | | 658,056 | | | | | | | | | |
(c) Total cash out flow for leases: | | | | | | | | | For the year ended June 30, | | | 2020 | | 2021 | | 2022 | | | RMB’000 | | RMB’000 | | RMB’000 | Within operating cash flows | | (32,007) | | (31,502) | | (33,032) | Within financing cash flows | | (193,827) | | (215,762) | | (317,017) | | | (225,834) | | (247,264) | | (350,049) |
(d) Non-cash transactions No significant non-cash transaction incurred during the year ended June 30, 2020. Non-cash transactions incurred during the year ended June 30, 2021 mainly comprised the conversion of redeemable shares with other preferential rights into ordinary shares upon the date of completion of IPO with the amount of RMB3,963,843,000 transferred from liabilities to equity. No significant non-cash transaction incurred during the year ended June 30, 2022.
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