Interim Report 2023

50 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Notes to the Condensed Consolidated Interim Financial Information For the six months ended 30 June 2023 17. CREDITORS AND ACCRUALS 30 June 31 December 2023 2022 HK$’million HK$’million Trade creditors (Note (a)) 327 475 Contract liabilities 124 91 Amounts due to fellow subsidiaries (Note (b)) 29 50 Amounts due to associates (Note (b)) 227 280 Amounts due to joint ventures (Note (b)) 2 2 Amounts due to related parties (Note (b)) 7 — Other payables and accruals 2,474 2,616 3,190 3,514 Notes: (a) Bill payables of HK$25 million (31 December 2022: nil) are included in trade creditors as at 30 June 2023 with a maturity period of less than one year. The ageing analysis of the trade creditors, based on invoice date, is as follows: 30 June 31 December 2023 2022 HK$’million HK$’million 0 - 90 days 306 419 91 - 180 days 9 18 181 - 365 days 1 7 Over 365 days 11 31 327 475 (b) The balances are unsecured, interest-free and repayable in accordance with the credit term. 18. FINANCIAL RISK MANAGEMENT (i) Financial risk factors The Group’s principal activities expose it to a variety of financial risks: market risk (including foreign exchange risk, price risk, fair value interest rate risk and cash flow interest rate risk), credit risk and liquidity risk. The condensed consolidated interim financial information does not include all financial risk management information and disclosures required in the annual consolidated financial statements, and hence should be read in conjunction with the Group’s annual consolidated financial statements for the year ended 31 December 2022. There have been no significant changes in the risk management since last financial year end or in any risk management policies.