Notes to the Consolidated Financial Statements
5. TRADE AND OTHER RECEIVABLES
(millions)
2020
2019
$
48 85 29
Unbilled revenue Trade receivables Other receivables
$
46 90 25
162
161
(7)
Credit loss allowance
(5)
$
155
$
156
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)
2020
2019
$
144
Current
$
143
8 3 7
30 - 59 days 60 - 89 days
8 3 7
Greater than 90 days
162
161
(7)
Credit loss allowance
(5)
$
155
$
156
The following table provides information about the ECLs for trade and other receivables from individual customers as at March 31, 2020.
Gross Carrying Amount
Weighted Average Loss Rate
(millions)
Loss Allowance
$
6
Current
$
144
4% 0% 0%
- -
30 - 59 days 60 - 89 days
8 3 7
1 7
Greater than 90 days Credit loss allowance
14%
$
The Corporation records lifetime ECLs on customer receivables based on a developed provision matrix. The change in the credit loss allowance with respect to trade and other receivables is as follows:
(millions)
2020
2019
$
5 5
Opening balance
$
5 2
Provision Write-offs
(3)
(2)
$
7
Closing balance
$
5
p.67
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