Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 178 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) Notes: (a) For the trade debtors, the Group applied the simplified approach in HKFRS 9 to measure loss allowance at lifetime ECL. Except for debtors with significant outstanding balances, the Group determines the expected credit losses on these items by internal credit rating with appropriate groupings. (b) For the purposes of internal credit risk management, the Group uses past due information and relevant credit information to assess whether credit risk has increased significantly since initial recognition. Not past due/ no fixed repayment Past due terms Total HK$’million HK$’million HK$’million 2021 Amounts due from fellow subsidiaries — 31 31 Amounts due from immediate holding company — 2 2 Amounts due from associates — 83 83 Advances to associates — 3,376 3,376 Amounts due from joint ventures — 1 1 Advance to a joint venture — 992 992 Dividend receivables — 250 250 Other debtors/compensation receivable from SLRC 926 3,816 4,742 Cash and bank balances — 9,980 9,980 2020 Amounts due from fellow subsidiaries — 15 15 Amounts due from immediate holding company — 2 2 Amounts due from associates — 98 98 Advances to associates — 3,365 3,365 Amounts due from joint ventures — 1 1 Advance to a joint venture — 988 988 Dividend receivables — 290 290 Other debtors 857 3,702 4,559 Cash and bank balances — 11,290 11,290 (c) For financial guarantee contracts, the gross carrying amount represents the maximum amount the Group has guaranteed under the respective contracts.