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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
28 Inventories
(continued)
The analysis of the amount of inventories recognised as an expense is as follows:
The Group
2011
2010
RMB’000
RMB’000
Carrying amount of inventories consumed and sold
15,519,709
13,496,980
Reversal of write-down of inventories
(798)
(9,488)
Write-down of inventories
17,955
14,075
15,536,866
13,501,567
29 Accounts and bills receivable, net
The Group
2011
2010
RMB’000
RMB’000
Bills receivable
318,955
95,208
Unbilled revenues for contract work
4,248,999
2,956,264
Trade receivables
13,126,070
10,231,195
17,694,024
13,282,667
Less: impairment losses
(436,154)
(395,110)
17,257,870
12,887,557
(a)
Included in accounts and bills receivable are amounts due from fellow subsidiaries of RMB7,578
million (2010: RMB6,950 million) as at 31 December 2011. The amounts due from fellow subsidiaries
are unsecured, interest-free and are expected to be recovered within one year.
(b)
In general, debts are due for payment upon billing. Subject to negotiation, credit terms within a range
of one to three months are available for certain customers with well-established trading and payment
records.