Annual Report 2021

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2021 111 The United Laboratories International Holdings Limited Annual Report 2021 23. TRADE AND BILLS RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Continued) The Group normally allows a credit period ranging from 60 days to 120 days (2020: 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. The following is an analysis of trade receivables by age, net of allowance for credit losses, presented based on dates of transferring control of the goods, and an analysis of bills receivables by age, net of allowance for credit losses, presented based on the bills issuance date, at the end of the reporting period: 2021 2020 RMB’000 RMB’000 Trade receivables 0 to 30 days 751,852 806,012 31 to 60 days 388,933 411,407 61 to 90 days 213,617 149,574 91 to 120 days 155,869 21,955 121 to 180 days 65,133 11,805 Over 180 days 26,485 – 1,601,889 1,400,753 Bills receivables 0 to 30 days 291,709 358,164 31 to 60 days 411,219 287,311 61 to 90 days 314,599 204,825 91 to 120 days 214,863 149,526 121 to 180 days 557,658 325,678 Over 180 days 31,720 17,861 1,821,768 1,343,365