China Communications Services Corporation Limited Annual Report 2015
138
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
27. ACCOUNTS AND BILLS RECEIVABLE, NET
(continued)
(b)
The ageing analysis of accounts and bills receivable (net of impairment losses) based on credit terms is as follows:
2015
2014
RMB’000
RMB’000
Current (note)
13,211,725
13,536,273
Within 1 year
11,666,256
11,228,501
After 1 year but less than 2 years
2,131,351
1,938,198
After 2 years but less than 3 years
511,497
648,426
After 3 years
—
89,800
Amount past due
14,309,104
13,904,925
27,520,829
27,441,198
Note: Including revenues within the credit terms for contract work.
(c) 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:
2015
2014
RMB’000
RMB’000
At 1 January
624,376
372,576
Impairment loss recognised
577,101
295,706
Reversal of impairment loss previously recognised
(101,648)
(34,208)
Uncollectible amounts written off
(18,452)
(9,698)
At 31 December
1,081,377
624,376
At 31 December 2015, accounts and bills receivable of RMB1,421 million (2014: RMB2,152 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 RMB511 million (2014: RMB317 million) were recognised. The Group does not hold any
collateral over these balances.
