Annual Report 2023

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2023 109 The United Laboratories International Holdings Limited Annual Report 2023 24. TRADE AND BILLS RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (Continued) The Group normally allows a credit period ranging from 45 days to 120 days (2022: 60 days to 120 days) to its trade customers, and may be extended to selected customers subject to their trade volume and historical settlement records 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 (2022: 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: 2023 2022 RMB’000 RMB’000 Trade receivables from contracts with customers 0 to 30 days 920,770 1,026,413 31 to 60 days 617,185 478,510 61 to 90 days 316,779 262,065 91 to 120 days 237,530 143,763 121 to 180 days 201,745 127,389 Over 180 days 72,170 65,772 2,366,179 2,103,912 Banker’s acceptance bills receivables 0 to 30 days 695,328 574,224 31 to 60 days 581,264 430,013 61 to 90 days 628,692 323,647 91 to 120 days 631,535 410,900 121 to 180 days 875,400 591,962 Over 180 days 84,319 28,630 3,496,538 2,359,376 Commercial bills receivables 91 to 120 days – 12,534