China Communications Services Corporation Limited Annual Report 2015
139
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
27. ACCOUNTS AND BILLS RECEIVABLE, NET
(continued)
(d) 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:
2015
2014
RMB’000
RMB’000
Neither past due nor impaired
13,211,725
13,536,273
Past due but not impaired
Within 1 year
10,285,576
10,127,135
After 1 year but less than 2 years
1,000,787
938,591
After 2 years but less than 3 years
269,883
245,510
After 3 years
—
39,114
24,767,971
24,886,623
Receivables that were neither past due nor impaired mainly relate to major telecommunications operators for whom
there was no recent record 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.
28. CONSTRUCTION CONTRACTS
The aggregate amounts of costs incurred plus recognised profit less recognised losses to date, included in the gross amount
due from customers for contract work at 31 December 2015 are RMB13,448 million (2014: RMB12,661 million).
In respect of construction contacts in progress at the end of the reporting period, the amounts of retentions held by
customers for contract work, recorded within “Accounts and bills receivable, net” at 31 December 2015 are RMB41 million
(2014: RMB26 million).
