Notes to the Consolidated Financial Statements
5. Trade and Other Receivables (millions)
2024
2023
$
58 $
Unbilled revenue Trade receivables Other receivables
74
107
150
32
38
197
262
(12)
Credit loss allowance
(14)
$
185 $
248
The following reflects an aging summary of trade and other receivables. All trade and other receivables not classified as current at the end of the reporting period are considered past due.
(millions)
2024
2023
$
172 $
Current
238
9 5
30 - 59 days 60 - 89 days
10
4
11
Greater than 90 days
10
197
262
(12)
Credit loss allowance
(14)
$
185 $
248
The following table provides information about the ECLs for trade and other receivables from individual customers as at March 31, 2024:
Gross Carrying Amount
(millions)
Loss Rate
Loss Allowance
3.5% $
6 1 1 4
Current
$
172
30 - 59 days 60 - 89 days
9 5
11.1% 20.0% 36.4%
Greater than 90 days Credit loss allowance
11
$
12
The Corporation records lifetime ECLs on customer receivables based on a developed provision matrix. The change in the credit loss (recovery) allowance with respect to trade and other receivables is as follows: (millions) 2024 2023 Opening balance $ 14 $ 9 Provision - 8 Write-offs (2) (3) Closing balance $ 12 $ 14
74
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