Trade and Other receivables (Tables)

12 Months Ended

Dec. 31, 2019

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Summary of Trade Receivables

	2019			2018
	RMB million			RMB million
Trade receivables		3,188			2,937
Less: loss allowance		(36	)		(36	)
		3,152			2,901

Ageing Analysis of Trade Receivables Based on Transaction Date

(a) Ageing analysis

Credit terms granted by the Group to sales agents and other customers generally range from one to three months. Ageing analysis of trade receivables based on transaction date is set out below:

	2019			2018
	RMB million			RMB million
Within 1 month		2,308			2,325
More than 1 month but less than 3 months		555			492
More than 3 months but less than 12 months		297			90
More than 1 year		28			30
		3,188			2,937
Less: loss allowance		(36	)		(36	)
		3,152			2,901

Trade Receivables by Currencies

The carrying amounts of the Group’s trade receivables are denominated in the following currencies:

	2019		2018
	RMB million		RMB million
RMB		2,686		2,430
USD		151		179
EURO		65		104
AUD		33		6
TWD		22		27
GBP		18		13
Others		213		178
		3,188		2,937

Summary of Other Receivables

		2019			2018
	Note	RMB million			RMB million
VAT recoverable			5,214			5,342
Government grants receivables	(i)		1,275			982
Rebate receivables on aircraft acquisitions			616			686
Other deposits			203			426
Others	(ii)		557			584
			7,865			8,020
Less: loss allowance			(5	)		(5	)
			7,860			8,015

Notes:

(i) Government grants receivables are recognized as there is reasonable assurance that they will be received and the Group has complied with the conditions attaching to them.

(ii) The amounts include term deposits of RMB43 million (December 31, 2018: RMB264 million), which have a maturity over 3 months at acquisition. The weighted average annualized interest rate of term deposits as at December 31, 2019 is 2.54% (December 31, 2018: 2.26%).