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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure of transactions between related parties [abstract]  
Schedule of Commercial Transactions with Related Parties

Commercial transactions with related companies are summarized as follows:


 

 

Six months ended June 30,

 

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

US$

 

 

Notes

(Unaudited)

  

  

(Unaudited)

  

  

(Unaudited)

  

 

 

 

 

 

 

 

 

 

  

CHNR’s share of office rental, rates and others to Anka Consultants Limited (“Anka”)

i

 

(686

)

 

 

(748

)

 

 

(109

)

Shenzhen Feishang Management and Consulting Co., Limited's share of office rental to Feishang Enterprise

ii

 

(83

)

 

 

(83

)

 

 

(12

)

 

 

 

(769

)

 

 

(831

)

 

 

(121

)


(i)

Represents payments to Anka, a private Hong Kong company that is owned by two Directors of the Company, pursuant to an office sharing agreement.


(ii)

Represents payments to Feishang Enterprise, a company controlled by Mr. Li Feilie, the Company’s principal beneficial owner, pursuant to the office sharing agreement.

Schedule of Group Payables with Related Parties

The Company’s balances with related companies are unsecured and non-interest bearing. The related parties and the Shareholder have confirmed their continuous financial support to the Group in relation to the going concern of its operations and that they will not recall any amounts due to them, including lease liabilities due to them until the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group. The balances are summarized as follows:


 

 

December 31,

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

US$

 

 

 

(Audited)

 

 

(Unaudited)

 

 

(Unaudited)

 

Current:

 

  

 

 

 

  

 

 

 

  

 

 

Payable to a related company:

 

 

 

 

 

 

 

 

 

 

 

 

Feishang Enterprise

 

 

4,041

 

 

 

 4,747

 

 

 

 691

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payable to the Shareholder:

 

 

 

 

 

 

 

 

 

 

 

 

Feishang Group

 

 

6,973

 

 

 

6,977

 

 

 

1,016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease liabilities to related parties

 

 

 

 

 

 

 

 

 

 

 

 

Feishang Enterprise

 

 

 

 

 

284

 

 

 

41

 

Anka

 

 

 

 

 

1,018

 

 

 

 148

 

 

 

 

 

 

 

1,302

 

 

 

189