# 9. LOSS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT

The calculation of the basic loss per share amounts is based on the loss for the year attributable to ordinary equity holders of the parent, and the weighted average number of ordinary shares of 4,439,460,000 (2019: 4,163,227,000) in issue during the year.

The computation of diluted loss per share does not assume the exercise of the Company’s share options because the exercise prices of those options were higher than the average market price of the Company’s shares for the year ended 31 December 2020.

No adjustment has been made to the basic loss per share amounts presented for the years ended 31 December 2020 and 2019 in respect of a dilution as the impact of the share options outstanding had an anti-dilutive effect on the basic loss per share amounts presented.

The calculations of basic and diluted loss per share are based on:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Loss</td><td></td><td></td></tr><tr><td>Loss attributable to ordinary equity holders of the parent</td><td>(242,399)</td><td>(441,039)</td></tr></table>

<table><tr><td rowspan="3"></td><td colspan="2">Number of shares</td></tr><tr><td>2020</td><td>2019</td></tr><tr><td>’000</td><td>’000</td></tr><tr><td>Shares</td><td></td><td></td></tr><tr><td>Weihgted averadige number of ornary shares in issue during
the year used in the basic and diluted loss per share calculation</td><td>4,439,460</td><td>4,163,227</td></tr></table>

# 10. TRADE AND BILLS RECEIVABLES

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Trade receivables</td><td>321,087</td><td>210,947</td></tr><tr><td>Impairment</td><td>(123,465)</td><td>(100,740)</td></tr><tr><td>Trade receivables, net</td><td>197,622</td><td>110,207</td></tr><tr><td>Bills receivable</td><td>223</td><td>223</td></tr><tr><td></td><td>197,845</td><td>110,430</td></tr><tr><td>Less: Non-current portion</td><td>(139,102)</td><td>(57,029)</td></tr><tr><td>Current portion</td><td>58,743</td><td>53,401</td></tr></table>

The Group enters into an arrangement to sublease a leased asset to a third party while the original lease contract is in effect, the Group is an intermediate lessor, this sublease is classified as a finance lease. The Group derecognised the right-of-use asset on the head lease and recognised trade receivables at the sublease commencement date, continued to account for the original lease liability in accordance with the lessee accounting model. At 31 December 2020, the current portion and non-current portion of the trade receives amounted to RMB8,022,000 (equivalent to approximately HK\$9,532,000) and RMB71,272,000 (equivalent to approximately HK\$84,656,000), respectively.

The Group’s trading terms with its customers are mainly on credit. The credit period is generally three months. The Group seeks to maintain strict control over its outstanding receivables and has a credit control department to minimise credit risk. Overdue balances are reviewed regularly by senior management. In view of the aforementioned and the fact that the Group’s trade receivables relate to a large number of diversified customers, there is no significant concentration of credit risk. The Group does not hold any collateral or other credit enhancements over its trade receivable balances. Trade receivables are non-interest-bearing.

An ageing analysis of the trade and bills receivables as at the end of the reporting period, based on the invoice date and net of loss allowance, is as follows:

<table><tr><td rowspan="2"></td><td>2020</td><td>2019</td></tr><tr><td>HK$’000</td><td>HK$’000</td></tr><tr><td>Within 90 days</td><td>106,295</td><td>27,834</td></tr><tr><td>91 to 180 days</td><td>3,995</td><td>6,304</td></tr><tr><td>181 to 365 days</td><td>9,625</td><td>5,398</td></tr><tr><td>Over 365 days</td><td>77,930</td><td>70,894</td></tr><tr><td></td><td>197,845</td><td>110,430</td></tr></table>