The Group


	As of December 31,
	2021			2022
	RMB’000			RMB’000
Contract acquisition cost ( f )		7,964,247			6,236,822
Receivables from core retail credit and enablement service		7,380,284			3,736,176
Receivables from external payment services providers (a)		2,665,300			1,826,203
Trust statutory deposits (b)		1,359,642			1,058,355
Receivables for shares repurchase program (Note 38(a))		870,006			859,772
Receivables from referral arrangements		288,164			586,461
Receivables from other technology platform-based service		764,571			508,202
Other deposits		542,817			505,764
Receivables from guarantee arrangements		410,577			430,908
Receivables from ADS income		111,933			95,246
Receivables from exercise of share options		36,036			197
Others		582,044			553,530

Less: Provision for impairment losses (c)		(630,848	)		(639,501	)

	22,344,773			15,758,135

The following table s

ts forth the aging analysis of receivables generated from activities in relation to core retail credit and enablement service, other technology platform-based service, referral and guarantee arrangements as of December 31, 2021 and 2022. The aging is presented from the date the corresponding revenue is recognized.


	As of December 31,
	2021		2022
	RMB’000		RMB’000
Up to 1 year		8,673,176		5,107,630
1 to 2 years		78,420		117,620
2 to 3 years		9,931		30,548
Above 3 years		82,069		5,949

		8,843,596		5,261,747

(a)

The Group maintains accounts with external online payment service providers to transfer deposits of platform investors, collect principal and interest from borrowers and dispatch loan proceeds to borrowers. The Group recorded the related amounts as receivables from external payment service providers.

(b)	The balances represent cash deposited in China Trust Protection Fund Co., Ltd. as required by trust regulations.

(c)	The following table sets forth the movements in the provision for impairment losses:


	Year ended December 31,
	2020			2021			2022
	RMB’000			RMB’000			RMB’000
At the beginning of the year		401,626			688,378			630,848
Impairment loss recognized in the consolidated statement of comprehensive income		1,499,344			991,903			1,140,937
Written off during the year		(1,283,858	)		(1,083,618	)		(1,172,660	)
Recovery of receivables written off previously		71,266			34,185			40,376

At the end of the year		688,378			630,848			639,501

(d)	The loss allowance as of December 31, 2021 was determined against receivables from core retail credit and enablement service, other technology platform-based service and referral and guarantee arrangements, as follows:


	As of December 31, 2021
	Current			1-90 days past due			91-180 days past due			Total
	RMB’000			RMB’000			RMB’000			RMB’000
Expected loss rate		2.36	%		89.87	%		94.83	%		7.12	%
Receivables from core retail credit and enablement service		6,943,369			201,188			235,727			7,380,284
Receivables from other technology platform-based service		764,571			—			—			764,571
Receivables from referral arrangements		288,164			—			—			288,164
Receivables from guarantee arrangements		379,493			18,069			13,015			410,577

Loss allowance		(197,933	)		(197,042	)		(235,873	)		(630,848	)

(e)	The loss allowance as of December 31, 2022 was determined against receivables from core retail credit and enablement service, other technology platform-based service and referral and guarantee arrangements, as follows:


	As of December 31, 2022
	Current			1-90 days past due			91-180 days past due			Total
	RMB’000			RMB’000			RMB’000			RMB’000
Expected loss rate		3.11	%		92.34	%		93.11	%		12.15	%
Receivables from core retail credit and enablement service		3,315,385			176,470			244,321			3,736,176
Receivables from other technology platform-based service		508,202			—			—			508,202
Receivables from referral arrangements		586,461			—			—			586,461
Receivables from guarantee arrangements		321,228			52,191			57,489			430,908

Loss allowance		(147,337	)		(211,145	)		(281,019	)		(639,501	)

(f)	As of December 31, 2021 and 2022, the remaining amount of consideration the Group expected to receive is higher than the carrying amount of contract acquisition cost. As such, no loss allowanc e was recorded against contract acquisition cost.

The Company


	As of December 31,
	2021		2022

	RMB’000		RMB’000
Receivables for shares repurchase program		870,006		859,772
Receivables from subsidiaries		3,623,687		672,128
Receivables from ADS income		111,933		95,246
Receivables from exercise of share options		36,036		197

		4,641,662		1,627,343