NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
5. TRADE AND OTHER RECEIVABLES
(millions)
2019
2018
$
46 90 25
$
41 88 17
Unbilled revenue Trade receivables Other receivables
161
146
(5)
Allowance for doubtful accounts
(5)
$ 156 $ 141 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)
2019
2018
$
143 8 3 7 161
$
129 8 3 6 146
Current 30-59 days 60-89 days Greater than 90 days
(5)
Allowance for doubtful accounts
(5)
$
156 $
141
The following table provides information about the ECLs for trade and other receivables from individual customers as at March 31, 2019.
Gross Carrying Amount
Weighted Average Loss Rate
(millions)
Loss Allowance
$
1 1 1 2 5
Current 30-59 days 60-89 days Greater than 90 days
$
143 8 3 7
1% 13% 33% 29%
$
Allowance for doubtful accounts
The Corporation will record lifetime ECLs on the Distribution customer receivables based on a developed provision matrix. The ECLs for asset optimization accounts receivables and other customer receivables were deemed immaterial and therefore, no adjustments will be recognized upon year of adoption. They will continue to be monitored annually to ensure the circumstances have not changed. The change in the allowance for doubtful accounts with respect to trade and other receivables was as follows:
(millions)
2019
2018
$
4 3 (2)
Opening balance Provision Write offs Closing balance
$
5 2 (2)
$
5 $
5
64
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