Annual Report 2022

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2022 115 The United Laboratories International Holdings Limited Annual Report 2022 24. TRADE AND BILLS RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Continued) The Group normally allows a credit period ranging from 60 days to 120 days (2021: 60 days to 120 days) to its trade customers, and may be extended to selected customers depending on their trade volume and settlement with the Group. The banker’s acceptance bills receivables and commercial bills receivables have a general maturity period of between 90 days and 1 year (2021: between 90 days and 1 year). 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 banker’s acceptance bills receivables and commercial bills receivables by age, net of allowance for credit losses, presented based on the bills issuance date, at the end of the reporting period: 2022 2021 RMB’000 RMB’000 Trade receivables from contracts with customers 0 to 30 days 1,026,413 751,852 31 to 60 days 478,510 388,933 61 to 90 days 262,065 213,617 91 to 120 days 143,763 155,869 121 to 180 days 127,389 65,133 Over 180 days 65,772 26,485 2,103,912 1,601,889 Banker’s acceptance bills receivables 0 to 30 days 574,224 291,709 31 to 60 days 430,013 411,219 61 to 90 days 323,647 314,599 91 to 120 days 410,900 214,863 121 to 180 days 591,962 557,658 Over 180 days 28,630 31,720 2,359,376 1,821,768 Commercial bills receivables 91 to 120 days 12,534 –