2020
2019
Not past due
63,903
68,378
Less than 90 days past due
8,349
13,249
90 days to 1 year past due
4,548
5,409
1 year and above past due
1,631
1,783
78,431
88,819
Less: loss allowances
(3,405)
(3,525)
75,026
85,294
Trade receivables are generally due within 30 days from the date of billing.
(b) Loss allowances of trade receivables and contract assets
Loss allowances in respect of trade receivables and contract assets are recorded using an allowance account
unless the Group is satisfied that there is no reasonable expectation of further recoveries in which case the
receivables are written off (see note 3(e)(i)).
The movement in loss allowances in respect of trade receivables and contract assets during the year is as follows:
(CNY million)
Note
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