Annual Financial Review
9.
TRADE RECEIVABLES, NET
The aging of trade receivables based on the date of invoice is set out below:
In HK$ million
2020
2021
1 - 30 days
2,043
2,829
31 - 60 days
61 - 90 days
91 - 120 days
Over 120 days
455
440
274
180
106
92
570
575
3,448
4,116
Less: loss allowance
(195)
(163)
3,253
3,953
As at December 31, 2021, included in trade receivables, net were amounts due from related parties of
HK$39 million (2020: HK$21 million).
The Groups' normal credit period for customers is ranging up to 30 days from the date of invoice
unless there is a separate mutual agreement on extension of the credit period. The Groups maintain a
well-defined credit policy and individual credit evaluations are performed on all customers requiring
credit over a certain amount. These evaluations focus on the customer's past history of making
payments when due and current ability to pay, and take into account information specific to the
customer as well as pertaining to the economic environment in which the customer operates. Debtors
who have overdue balances are requested to settle all outstanding balances before any further credit is
granted.
10.
TRADE PAYABLES
The aging of trade payables based on the date of invoice is set out below:
In HK$ million
2020
2021
1 - 30 days
1,708
2,318
31 - 60 days
61 - 90 days
91 - 120 days
906
696
548
879
268
547
Over 120 days
515
810
3,945
5,250
11.
As at December 31, 2021, included in trade payables were amounts due to related parties of
HK$22 million (2020: HK$28 million).
SUBSEQUENT EVENT
On January 18, 2022, HKT Capital No. 6 Limited, an indirect wholly-owned subsidiary of the
Company, issued US$650 million 3.00% guaranteed notes due 2032, which are listed on the
Singapore Exchange Securities Trading Limited. The notes are irrevocably and unconditionally
guaranteed by HKT Group Holdings Limited ("HKTGH”) and Hong Kong Telecommunications
(HKT) Limited ("HKTL"), both being wholly-owned subsidiaries of the Company, and rank pari
passu with all other outstanding unsecured and unsubordinated obligations of HKTGH and HKTL.
29View entire presentation