Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 178 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 35. FINANCIAL RISK MANAGEMENT (CONTINUED) 35.1 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 2023 Amounts due from fellow subsidiaries — 60 60 Amounts due from immediate holding company — 4 4 Amounts due from associates — 89 89 Advances to associates — 272 272 Advance to a joint venture — 1,016 1,016 Dividend receivables — 249 249 Compensation receivable from SLRC — 2,971 2,971 Other debtors 1,055 425 1,480 Cash and bank balances — 12,331 12,331 2022 Amounts due from fellow subsidiaries — 33 33 Amounts due from immediate holding company — 148 148 Amounts due from associates — 72 72 Advances to associates — 3,372 3,372 Advance to a joint venture — 955 955 Dividend receivables — 398 398 Compensation receivable from SLRC — 3,014 3,014 Other debtors 1,122 458 1,580 Cash and bank balances — 9,629 9,629 (c) For financial guarantee contracts, the gross carrying amount represents the maximum amount the Group has guaranteed under the respective contracts.