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Trade receivables
 6 Months Ended
Jun. 30, 2023
Trade and other receivables [abstract]  
Trade receivables
7.
Trade receivables

 

 

As of
December 31,
2022

 

 

As of
June 30,
2023

 

 

RMB’000

 

 

RMB’000

 

Trade receivables

 

152,256

 

 

 

200,737

 

Allowance for expected credit loss

 

(22,252

)

 

 

(19,017

)

Total

 

130,004

 

 

 

181,720

 

 

 

As at June 30, 2023, trade receivables included RMB14.3 million receivable from an associate. The Group recognized RMB12.3 million revenue from sales to such associate during the first half of 2023.

The Group uses a provision matrix to calculate ECL for trade receivables that result from transactions within the scope of IFRS 15. The provision rates are based on debtor’s aging as groupings of various debtors that have similar loss patterns. The provision matrix is based on the Group’s historical default rates taking into consideration forward-looking information that is reasonable and supportable and available without undue costs and effort.

 

 

 

 

As of
December 31,
2022

 

 

As of
June 30,
2023

 

 

RMB’000

 

 

RMB’000

 

Beginning of the year/period

 

 

2,470

 

 

 

22,252

 

Provision for/ (reversal) of expected credit loss,net

 

 

19,782

 

 

 

(3,235

)

End of the year/period

 

 

22,252

 

 

 

19,017