# 35 Subsequent event

On 15 March 2019, a subsidiary of the Group entered into an agreement to fully dispose of its equity interest, representing 50% equity interest, in Shanghai Kaitai, a joint venture of the Group, to the joint venture partner of Shanghai Kaitai at a consideration of RMB1,005 million. Shanghai Kaitai has completed the development of its real estate project and distributed the profit to its respective shareholders before the disposal. The consideration was determined in accordance with the appraised net assets value of Shanghai Kaitai as of 31 January 2019. The transaction is expected to be completed by the end of March 2019.

# 36 Balance sheet of the Company

<table><tr><td rowspan="3"></td><td colspan="2">As at 31 December</td></tr><tr><td>2018</td><td>2017</td></tr><tr><td>RMB’000</td><td>RMB’000</td></tr><tr><td>ASSETS</td><td></td><td></td></tr><tr><td>Non-current assets</td><td></td><td></td></tr><tr><td>Interests in a subsidiary</td><td>2,016,724</td><td>1,993,141</td></tr><tr><td>Financial assets at fair value through profit or loss</td><td>649,860</td><td>—</td></tr><tr><td></td><td>2,666,584</td><td>1,993,141</td></tr><tr><td>Current assets</td><td></td><td></td></tr><tr><td>Prepayments and other receivables</td><td>208</td><td>1,296</td></tr><tr><td>Amounts due from subsidiaries</td><td>7,679,814</td><td>6,654,600</td></tr><tr><td>Amounts due from a related party</td><td>637,433</td><td>—</td></tr><tr><td>Cash and bank balances</td><td>30,610</td><td>49,585</td></tr><tr><td>Total current assets</td><td>8,348,065</td><td>6,705,481</td></tr><tr><td>Total assets</td><td>11,014,649</td><td>8,698,622</td></tr><tr><td>EQUITY</td><td></td><td></td></tr><tr><td>Equity attributable to owners of the Company</td><td></td><td></td></tr><tr><td>Share capital</td><td>14</td><td>13</td></tr><tr><td>Share premium</td><td>4,423,556</td><td>3,506,038</td></tr><tr><td>Other reserves</td><td>(1,363,382)</td><td>(169,894)</td></tr><tr><td>Total equity</td><td>3,060,188</td><td>3,336,157</td></tr></table>

# 36 Balance sheet of the Company (continued)

<table><tr><td rowspan="3"></td><td colspan="2">As at 31 December</td></tr><tr><td>2018</td><td>2017</td></tr><tr><td>RMB’000</td><td>RMB’000</td></tr><tr><td>LIABILITIES</td><td></td><td></td></tr><tr><td>Non-current liabilities</td><td></td><td></td></tr><tr><td>Borrowings</td><td>5,286,770</td><td>197,013</td></tr><tr><td>Current liabilities</td><td></td><td></td></tr><tr><td>Borrowings</td><td>2,393,994</td><td>5,114,757</td></tr><tr><td>Other payables</td><td>257,259</td><td>50,695</td></tr><tr><td>Amounts due to related parties</td><td>16,438</td><td>—</td></tr><tr><td>Total current liabilities</td><td>2,667,691</td><td>5,165,452</td></tr><tr><td>Total liabilities</td><td>7,954,461</td><td>5,362,465</td></tr><tr><td>Total equity and liabilities</td><td>11,014,649</td><td>8,698,622</td></tr></table>

Other reserve of the Company included share-based compensation reserve and accumulated losses. During the year, the change in share-based compensation reserve represents mainly the value of employee services under the share option scheme amounting to RMB23,583,000 (2017: RMB53,868,000), the change in accumulated losses represents mainly the loss of the Company amounting to RMB1,184,691,000 (2017: RMB223,477,000).

The balance sheet of the Company was approved by the Board of Directors on 21 March 2019 and was signed on its behalf:

<table><tr><td>Ou Zonghong</td><td> Zeng Feiyan</td></tr></table>