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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
29 Accounts and bills receivable, net
(continued)
(e) Accounts and bills receivable that is not impaired
The ageing analysis of accounts and bills receivable that are neither individually nor collectively
considered to be impaired are as follows:
The Group
2011
2010
RMB’000
RMB’000
Neither past due nor impaired
6,783,588
4,890,354
Within 1 year
8,906,080
6,566,525
After 1 year but less than 2 years
881,327
991,590
After 2 years but less than 3 years
220,749
78,040
After 3 years
41,301
36,198
At 31 December
16,833,045
12,562,707
Receivables that were neither past due nor impaired relate to major telecommunication service
providers for whom there was no history of default.
Receivables that were past due but not impaired relate to a number of independent customers that
have a good track record with the Group. Based on past experience, management believes that no
impairment allowances is necessary in respect of these balances as there has not been a significant
change in credit quality and the balances are still considered fully recoverable. The Group does not hold
any collateral over these balances.
30 Construction contracts
The aggregate amounts of costs incurred plus recognised profit less recognised losses to date, included in
the gross amount due from/to customers for contract work at 31 December 2011 are RMB8,418 million (2010:
RMB6,108 million).
In respect of construction contacts in progress at the balance sheet date, the amounts of retentions
receivable from customers, recorded within “Accounts and bills receivable” at 31 December 2011 are RMB20
million (2010: RMB19 million).
31 Prepayments and other current assets
The Group
The Company
2011
2010
2011
2010
RMB’000
RMB’000
RMB’000
RMB’000
Advances to staff
229,760
179,462
360
166
Amounts due from fellow subsidiaries
1,227,264
1,364,133
57,165
30,852
Amounts due from subsidiaries
–
–
191,137
246,086
Prepayments in connection with construction
work and equipment purchases
2,201,317
1,691,226
–
–
Prepaid expenses and deposits
246,507
159,890
685
714
Dividends receivable
–
4,063
1,058,970
955,890
Others
703,632
569,102
–
45
4,608,480
3,967,876
1,308,317
1,233,753
The amounts due from fellow subsidiaries and subsidiaries are unsecured, interest-free and are expected to
be recovered within one year.