Annual Report 2025

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2025 117 The United Laboratories International Holdings Limited Annual Report 2025 25. TRADE AND OTHER PAYABLES The Group normally receives credit terms of up to 120 days and 180 days for trade payables and trade payables under supplier finance arrangement respectively from its suppliers. The following is an analysis of the trade payables and trade payables under supplier finance arrangement by age, presented based on the invoice date or bills issuance date at the end of the reporting period: 2025 2024 RMB’000 RMB’000 Trade payables 0 to 90 days 1,234,969 1,560,814 91 to 180 days 355,830 513,876 Over 180 days 20,415 14,095 1,611,214 2,088,785 Trade payables under supplier finance arrangement (Note) 0 to 90 days 986,000 1,119,081 91 to 180 days 1,242,006 961,961 Over 180 days 484 5,229 2,228,490 2,086,271 Other payables and accruals 693,970 545,328 Other tax payable 204,743 170,511 Accrual of freight expense 60,222 128,975 Accrual of salary, staff welfare and unclaimed annual leave 312,627 250,147 Accrual of water, electricity fee & steam 558,132 550,825 Deferred income in respect of government grants (Note 33) 90,338 58,699 Payables in respect of the acquisition of property, plant and equipment 2,220,849 1,779,575 7,980,585 7,659,116 Less: Amount due within one year shown under current liabilities (7,890,941) (7,636,911) Amount shown under non-current liabilities 89,644 22,205 Note: These related to trade payables in which the Group has issued bills to the relevant suppliers for future settlement of trade payables. The Group continues to recognise these trade payables as the relevant banks are obliged to make payments only on due dates of the bills, under the same conditions as agreed with the suppliers without further extension. In the consolidated statement of cash flows, settlements of these bills are included within operating cash flows based on the nature of the arrangements.