Annual Report 2019

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2019 118 The United Laboratories International Holdings Limited Annual Report 2019 25. TRADE AND BILLS RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS 2019 2018 RMB’000 RMB’000 Trade receivables 1,241,536 1,134,749 Bills receivables 1,354,984 1,854,888 Consideration receivables (Note 10) 773,693 – Value added tax receivables 59,045 27,141 Other receivables, deposits and prepayments 127,758 81,037 Less: allowances for credit losses – trade (23,167) (25,518) – non-trade (16,417) (6,411) 3,517,432 3,065,886 Less: Amount due within one year (3,241,069) (3,065,886) Amount due after one year 276,363 – As at 1 January 2018, carrying amount of trade receivables from contracts with customers amounted to RMB1,066,835,000. The Group normally allows a credit period of 60 days on average (2018: 60 days on average) to its trade customers, and may be extended to selected customers depending on their trade volume and settlement with the Group. The bills receivables have a general maturity period of between 90 days and 180 days.