# 33. OTHER NON-CURRENT LIABILITIES

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>RMB’000</td><td>RMB’000</td></tr><tr><td>Consideration payable for acquisition of a portfolio of assets 
and liabilities (note (a))</td><td>32,881</td><td>42,351</td></tr><tr><td>Payable for mining rights (note (c))</td><td>566,896</td><td>433,677</td></tr><tr><td>Provision for legal claims (note (b))</td><td>8,506</td><td>8,777</td></tr><tr><td>Others</td><td>3,565</td><td>5,601</td></tr><tr><td></td><td>611,848</td><td>490,406</td></tr><tr><td>Less: current portion</td><td>(72,383)</td><td>(65,911)</td></tr><tr><td></td><td>539,465</td><td>424,495</td></tr></table>

(a) On 26 September 2017, SDG Xinhui, Qingdao Pingdu Jinxing Gold Mining Co. Ltd. (“Jinxing”), an independent third party of the Group, and Dazhuangzi Villagers’ Committee of Pingdu Xinhe Town (平度市新河鎮大莊子村民委員會), the former shareholder of Jinxing, entered into an asset reorganisation agreement (the “Agreement”). Pursuant to the Agreement, SDG Xinhui acquired a portfolio of assets and liabilities of Jinxing, including part of the receivables and payables, property, plant and equipment and exploration rights at a total consideration of approximately RMB174,180,000.

During the year ended 31 December 2018, the Group has settled part of consideration of approximately RMB114,180,000 and the remaining non-interest bearing consideration of approximately RMB60,000,000 (the “Remaining Consideration”) will be paid by 8 instalments until 31 January 2026.

As at 31 December 2020, the carrying amount of the Remaining Consideration included as “other non-current liabilities” amounted to approximately RMB32,881,000 (2019: RMB42,351,000) and the current portion of which to be settled within the next twelve months amounted to approximately RMB7,500,000 (2019: RMB7,792,000).

(b) As at 31 December 2020, the provision for legal claim of approximately US\$1,304,000, equivalent to approximately RMB8,506,000 (2019: US\$1,258,000, equivalent to approximately RMB8,777,000) is recognised in connection with certain outstanding labour claims of MAS.

(c) During the year ended 31 December 2020, the Group acquired of a mining right from Shandong Gold Group at a cash consideration of approximately RMB232,863,000 (note 43(a)). Approximately RMB160,656,000 (note 43(a)) has been paid during the year ended 31 December 2020.

During the year ended 31 December 2020, the Group acquired of certain mining rights from independent third parties at a total cash consideration of approximately RMB162,650,000 (2019: RMB533,677,000).

# 34. DEFERRED TAXATION

The analysis of deferred income tax assets and deferred income tax liabilities is as follows:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>RMB’000</td><td>RMB’000</td></tr><tr><td>Deferred income tax assets</td><td>170,877</td><td>130,000</td></tr><tr><td>Deferred income tax liabilities</td><td>(3,928,100)</td><td>(4,262,779)</td></tr><tr><td>Deferred income tax liabilities, net</td><td>(3,757,223)</td><td>(4,132,779)</td></tr></table>

The gross movement on the deferred income tax is as follows:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>RMB’000</td><td>RMB’000</td></tr><tr><td>At the beginning of the year</td><td>(4,132,779)</td><td>(4,141,760)</td></tr><tr><td>Credited to profit or loss (note 10)</td><td>226,273</td><td>46,406</td></tr><tr><td>Currency translation differences</td><td>149,283</td><td>(37,425)</td></tr><tr><td>At the end of the year</td><td>(3,757,223)</td><td>(4,132,779)</td></tr></table>

The following are the major deferred tax assets (liabilities) and movements thereon during the current and prior years:

<table><tr><td rowspan="2"></td><td>Property,
plant and
equipment</td><td>Mining and
exploration
rights</td><td>Financial
assets/
liabilities
at fair value
through profit
or loss</td><td> Others</td><td> Total</td></tr><tr><td>RMB’000</td><td> RMB’000</td><td> RMB’000</td><td> RMB’000</td><td> RMB’000</td></tr><tr><td>At 1 January 2019</td><td>(2,124,740)</td><td>(1,934,735)</td><td>(129,951)</td><td>47,666</td><td>(4,141,760)</td></tr><tr><td>Credited (charged) to profit or loss</td><td>116,072</td><td>121,065</td><td>(47,099)</td><td>(143,632)</td><td>46,406</td></tr><tr><td>Currency translation differences</td><td>(36,942)</td><td> –</td><td> –</td><td>(483)</td><td>(37,425)</td></tr><tr><td>At 31 December 2019 and at 1 January 2020</td><td>(2,045,610)</td><td>(1,813,670)</td><td>(177,050)</td><td>(96,449)</td><td>(4,132,779)</td></tr><tr><td>Credited (charged) to profit or loss</td><td>145,478</td><td>231,768</td><td>(45,540)</td><td>(105,433)</td><td>226,273</td></tr><tr><td>Currency translation differences</td><td>142,910</td><td> –</td><td> –</td><td>6,373</td><td>149,283</td></tr><tr><td>At 31 December 2020</td><td>(1,757,222)</td><td>(1,581,902)</td><td>(222,590)</td><td>(195,509)</td><td>(3,757,223)</td></tr></table>