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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of transactions between related parties [abstract]  
Schedule of Consolidated Financial Statements Including Financial Statements of Company and Subsidiaries

The consolidated financial statements include the financial statements of the Company and the subsidiaries listed in the following table:

 

 

 

 

Place of
incorporation /

registration and
operations

 

Nominal value
of issued
common /
registered
share capital
(CNY)

 

Percentage

of equity
attributable to
the Company

 

Principal

activities

 

 

Name

 

 

 

 

Direct

 

Indirect

 

 

 

China Coal Mining Investment Limited

 

 

Hong Kong

 

 

100

 

 

Investment holding

 

 

FMH Corporate Services Inc.

 

 

United States

 

 

100

 

 

Dormant

 

 

Feishang Dayun Coal Mining Limited

 

 

Hong Kong

 

 

 

100

 

Investment holding

 

 

Feishang Mining Holdings Limited

 

 

BVI

 

 

100

 

 

Investment holding

 

 

Feishang Yongfu Mining Limited

 

 

Hong Kong

 

 

 

100

 

Investment holding

 

 

Newhold Investments Limited

 

 

BVI

 

 

100

 

 

Investment holding

 

 

Pineboom Investments Limited

 

 

BVI

 

 

100

 

 

Investment holding

 

 

Shenzhen Feishang Management and Consulting Co., Limited (“Feishang Management”)

 

 

PRC/ Mainland China

 

10,000

 

 

100

 

Provision of management and consulting services to other companies in the Group

 

 

Silver Moon Technologies Limited

 

 

BVI

 

1

 

80

 

 

Dormant

 

 

Sunwide Capital Limited

 

 

BVI

 

 

100

 

 

Dormant

 

 

Yangpu Lianzhong Mining Co., Limited

 

 

PRC/ Mainland China

 

115,008

 

 

100

 

Investment holding

 

 

Yangpu Shuanghu Industrial Development Co., Limited

 

 

PRC/ Mainland China

 

1,000

 

 

100

 

Investment holding

 

 

Yunnan Feishang Mining Co., Limited

 

 

PRC/ Mainland China

 

50,000

 

 

100

 

Investment holding

 

 

Bayannaoer City Feishang Mining Company Limited

 

 

PRC/ Mainland China

 

59,480

 

 

100

 

Exploration and development of lead mine

Schedule of Commercial Transactions with Related Parties

Commercial transactions with related parties

 

 

Year Ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

CNY

 

 

US$

 

 

Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

i

 

1,316

 

 

 

1,442

 

 

 

1,506

 

 

 

216

 

Sales of equipment to Wuhu Industrial

ii

 

1,056

 

 

 

 

 

 

 

 

 

 

Purchase of raw ore from Empressa Minera Jacha Uru S.A. (“Jacha Uru”)

iii

 

240

 

 

 

 

 

 

 

 

 

 

Feishang Management 's share of office rental to Feishang Enterprise

iv

 

 

 

 

166

 

 

 

166

 

 

 

24

 


(i)

On April 1, 2017, the Company signed an office sharing agreement with Anka, a private Hong Kong company that is owned by two directors of the Company, which superseded all previously signed agreements between the parties, pursuant to which the Company shares 184 square meters of the total area of the office premises. The agreement also provides that the Company shares certain costs and expenses in connection with their use of the office, in addition to some of the accounting and secretarial services and day-to-day office administration services provided by Anka. In 2018, Anka’s lease with the unrelated landlord was extended for two years, from July 1, 2018 to June 30, 2020..


(ii)

On February 22, 2017, Wuhu Feishang signed an agreement with Wuhu Industrial, controlled by Mr. Li Feilie, to dispose of certain equipment with the carrying amount of CNY1.06 million (US$0.15 million). The disposal gain was CNY0.05 million (US$0.01 million).


(iii)

In 2017, Antay Pacha purchased copper ores from Jacha Uru, a copper mine located in Bolivia and controlled by Feishang Hesheng.


(iv)

On January 1, 2018, Feishang Management signed an office sharing agreement with Feishang Enterprise. Pursuant to the agreement, Feishang Management shared 40 square meters of the office premises.

Schedule of Group Payables with Related Parties

The balances are summarized as follows:

 

 

December 31,

 

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

US$

 

 

Notes

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

Payable to a related company:

 

 

 

 

 

 

 

 

 

 

 

 

Feishang Enterprise

i

 

4,041

 

 

 

5,077

 

 

 

729

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payable to the Shareholder:

 

 

 

 

 

 

 

 

 

 

 

 

Feishang Group

ii

 

6,973

 

 

 

7,097

 

 

 

1,019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease liabilities to related companies:

 

 

 

 

 

 

 

 

 

 

 

 

Feishang Enterprise

 

 

 

 

 

287

 

 

 

41

 

Anka

 

 

 

 

 

516

 

 

 

74

 

 

 

 

 

 

 

803

 

 

 

115

 

Feishang Enterprise and Feishang Group are controlled by Mr. Li Feilie, who is the beneficial shareholder of the Company.


(i)

Payable to Feishang Enterprise by Feishang Management represented the net amount of loans from Feishang Enterprise. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.


(ii)

Payable to Feishang Group represented the acquisition of Feishang Anthracite Resources Limited. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

Schedule of Compensation of Key Management Personnel of Group

Compensation of key management personnel of the Group


 

 

Year Ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

CNY

 

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wages, salaries and allowances

 

 

264

 

 

 

580

 

 

 

629

 

 

 

90

 

Housing subsidies

 

 

2

 

 

 

16

 

 

 

16

 

 

 

2

 

Contribution to pension plans

 

 

29

 

 

 

75

 

 

 

75

 

 

 

11

 

 

 

 

295

 

 

 

671

 

 

 

720

 

 

 

103