|
|
|
|
|
|
|
|
|
|
|
As at December 31, |
|
|
|
2024 |
|
|
2025 |
|
|
|
RMB’million |
|
|
RMB’million |
|
Accounts receivable |
|
|
3,530 |
|
|
|
3,931 |
|
Less: loss allowance for expected credit losses |
|
|
(22 |
) |
|
|
(28 |
) |
Accounts receivable, net |
|
|
3,508 |
|
|
|
3,903 |
|
Ageing analysis of the accounts receivable based on invoice date: |
|
|
|
|
|
|
Up to 3 months |
|
|
3,102 |
|
|
|
3,495 |
|
3 to 6 months |
|
|
217 |
|
|
|
318 |
|
Over 6 months |
|
|
211 |
|
|
|
118 |
|
|
|
|
3,530 |
|
|
|
3,931 |
|
The loss allowances for accounts receivable as at December 31, 2024 and 2025 reconciled to the opening loss allowances as follows:
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
|
|
2024 |
|
|
2025 |
|
|
|
RMB’million |
|
|
RMB’million |
|
At January 1 |
|
|
77 |
|
|
|
22 |
|
Provision for loss allowance recognized in income statement |
|
|
17 |
|
|
|
6 |
|
Receivables written off during the year as uncollectible |
|
|
(72 |
) |
|
|
- |
|
At December 31 |
|
|
22 |
|
|
|
28 |
|
|