Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 176 Notes to the Consolidated Financial Statements For the year ended 31 December 2021 37. FINANCIAL RISK MANAGEMENT (CONTINUED) 37.1 Financial risk factors (continued) (ii) Credit risk and impairment assessment (continued) The tables below detail the credit risk exposures of the Group’s financial assets and financial guarantee contracts which are subject to ECL assessment: External Internal credit credit 12m or 2021 2020 Note rating rating lifetime ECL Gross carrying amount Gross carrying amount HK$’million HK$’million HK$’million HK$’million Financial assets at amortised cost Trade debtors(Note (a)) 25 N/A A Lifetime ECL (not credit-impaired) 668 583 B Lifetime ECL (not credit-impaired) 302 367 C Lifetime ECL (not credit-impaired) 53 59 D Lifetime ECL (credit-impaired) 59 1,082 67 1,076 Amounts due from fellow subsidiaries (Note (b)) 25 N/A B 12m ECL 31 31 15 15 Amount due from immediate holding company (Note (b)) 25 N/A B 12m ECL 2 2 2 2 Amounts due from associates (Note (b)) 25 N/A B 12m ECL 83 83 98 98 Advances to associates (Note (b)) 22 N/A B 12m ECL 3,376 3,376* 3,365 3,365* Amounts due from joint ventures (Note (b)) 25 N/A B 12m ECL 1 1 1 1 Advance to a joint venture (Note (b)) 22 N/A B 12m ECL 992 992* 988 988*