Annual Report 2020

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020 116 The United Laboratories International Holdings Limited Annual Report 2020 28. LEASE LIABILITIES 2020 2019 RMB’000 RMB’000 Lease liabilities payable: Within one year 1,686 1,646 Within a period of more than one year but not more than two years – 117 1,686 1,763 Less: Amount due for settlement with 12 months shown under current liabilities (1,686) (1,646) Amount due for settlement after 12 months shown under non-current liabilities – 117 The weighted average incremental borrowing rates applied to lease liabilities at 6.25% (2019: 6.25%).