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2020
2019
At January 1
53,389
48,693
Addition during the year
50,497
50,193
Transfers to receivables or reversal during the year
(48,375)
(45,163)
Reclassified as assets held for sale
(1)
(702)
Exchange adjustments
(1,586)
368
At December 31
53,924
53,389
21 Trade and bills receivable
(CNY million)
Note
2020
2019
Trade receivables
Trade receivables from third parties
(i)
74,999
85,217
Trade receivables from related parties
31
27
77
75,026
85,294
Bills receivable
Bank acceptance bills
689
1,821
Commercial acceptance bills
2,140
2,245
Letters of credit
849
705
(ii)
3,678
4,771
78,704
90,065
Non-current portion
3,963
4,540
Current portion
74,741
85,525
78,704
90,065

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116
       
Huawei Investment & Holding Co., Ltd.
(i)  As at December 31, 2020, the Group’s trade receivables that may be sold through reverse factoring 
arrangements amounted to CNY6,344 million (2019: CNY7,805 million). These trade receivables are managed 
in a business model whose objective is achieved by both collection and sale, and are therefore measured at 
FVOCI.
(ii) The Group’s bills receivable are due within twelve months from issuance date.
(a) Ageing analysis
At the end of the reporting period, the ageing analysis of trade receivables is as follows:
(CNY million)