Basic HTML Version
Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
1
/ China Communications Services Corporation Limited
29 Accounts and bills receivable, net
(continued)
(c)
The ageing analysis of accounts and bills receivable (net of impairment losses) is as follows:
The Group
2011
2010
RMB’000
RMB’000
Current
6,783,588
4,890,354
Within 1 year
8,906,080
6,566,525
After 1 year but less than 2 years
1,157,167
1,108,228
After 2 years but less than 3 years
296,994
245,878
After 3 years
114,041
76,572
Amount past due
10,474,282
7,997,203
17,257,870
12,887,557
(d) Impairment of accounts and bills receivable
Impairment losses in respect of accounts and bills receivable are recorded using an allowance account
unless the Group is satisfied that recovery of the amount is remote, in which case the impairment loss
is written off against accounts and bills receivable directly (see note 2(l)(i)).
The movement in allowance for doubtful debts during the year, including both specific and collective
loss components, is as follows:
The Group
2011
2010
RMB’000
RMB’000
At 1 January
395,110
332,129
Impairment loss recognised
84,596
96,354
Reversal of impairment loss previously recognised
(38,212)
(23,467)
Uncollectible amounts written off
(5,340)
(9,906)
At 31 December
436,154
395,110
At 31 December 2011, the Group’s accounts and bills receivable of RMB345 million (2010: RMB355.7
million) were individually determined to be impaired. The individually impaired receivables related
to customers that were in financial difficulties and management assessed that only a portion of the
receivables is expected to be recovered. Consequently, specific impairment losses of RMB265 million
(2010: RMB282 million) were recognised. The Group does not hold any collateral over these balances.