Annual Report 2022

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2022 119 The United Laboratories International Holdings Limited Annual Report 2022 26. TRADE AND OTHER PAYABLES The Group normally receives credit terms of up to 120 days and 180 days for trade payables and trade payables under supplier finance arrangement, respectively, from its suppliers. The following is an analysis of the trade payables and trade payables under supplier finance arrangement by age, presented based on the invoice date or bills issuance date at the end of the reporting period: 2022 2021 RMB’000 RMB’000 Trade payables 0 to 90 days 1,551,147 964,555 91 to 180 days 367,388 63,668 Over 180 days 51,820 43,744 1,970,355 1,071,967 Trade payables under supplier finance arrangement (Note) 0 to 90 days 779,384 1,377,132 91 to 180 days 808,685 761,576 1,588,069 2,138,708 Other payables and accruals 485,992 402,368 Other tax payable 158,654 141,766 Accrual of freight expense 76,441 65,019 Accrual of salary, staff welfare and unclaimed annual leave 191,578 146,845 Accrual of water, electricity fee & steam 370,618 318,915 Deferred income in respect of government grants (Note 33) 95,859 111,397 Payables in respect of the acquisition of property, plant and equipment 423,723 357,942 5,361,289 4,754,927 Less: Amount due within one year shown under current liabilities (5,317,876) (4,699,608) Amount shown under non-current liabilities 43,413 55,319 Note: These relate to trade payables in which the Group has issued bills to the relevant suppliers for future settlement of trade payables. The Group continues to recognise these trade payables as the relevant banks are obliged to make payments only on due dates of the bills, under the same conditions as agreed with the suppliers without further extension. In the consolidated statement of cash flows, settlements of these bills are included within operating cash flows based on the nature of the arrangements.