Founded in 1987, Huawei is a leading global provider of information and communications

22 Other assets
(CNY million)
Note
2020
2019
Advance payments to suppliers
8,757
2,868
Tax receivables on unbilled deliveries
(i)
4,947
4,760
Income tax related assets
2,947
2,215
Other tax related assets
10,680
8,659
Pledged deposits with banks
1,329
2,116
Restricted deposits relating to government grants
(ii)
976
1,259
Other third party receivables
10,943
8,810
Other long-term deferred assets
404
340
Related party receivables
31
396
376
Prepayment for acquisition of long-term assets
4,889
755
Assets held for sale
(iii)
4,222
2,164
50,490
34,322
Non-current portion
11,048
5,196
Current portion
39,442
29,126
50,490
34,322
(i)  Under PRC tax regulations, value added tax (VAT) and other surcharges are payable at the earlier of delivery 
of goods and services or issuance of VAT invoices. These balances represent VAT and surcharge receivable 
from customers on unbilled deliveries and will be reclassified to trade receivables upon billing.
(ii) Conditional government grants received by the Group are required to be deposited in restricted bank accounts 
until the government acceptance documents for the related research and development projects are obtained.
(iii) As at December 31, 2020 and 2019, assets held for sale and liabilities directly associated with the assets 
held for sale were relating to sale of Honor business (note 34) and sale of submarine business (note 9(ii)) 
respectively, which mainly include cash and cash equivalents, inventories, equipment and machinery, intangible 
assets, operating receivables and payables, and contract liabilities.

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2020 Annual Report