Accounts Receivable

12 Months Ended

Dec. 31, 2024

Trade and other receivables [abstract]

Accounts Receivable

20.Accounts receivable

	As at December 31,
	2023			2024
	RMB’million			RMB’million
Accounts receivable		2,995			3,530
Less: loss allowance for expected credit losses		(77	)		(22	)
Accounts receivable, net		2,918			3,508
Ageing analysis of the accounts receivable based on invoice date:
Up to 3 months		2,519			3,102
3 to 6 months		177			217
Over 6 months		299			211
		2,995			3,530

The loss allowances for accounts receivable as at December 31, 2023 and 2024 reconciled to the opening loss allowances as follows:

	Year ended December 31,
	2023			2024
	RMB’million			RMB’million
At January 1		61			77
Provision for loss allowance recognized in income statement		17			17
Receivables written off during the year as uncollectible		(1	)		(72	)
At December 31		77			22