FORWARD TOGETHER Notes to the Consolidated Financial Statements 31 December 2022 190 22. TRADE RECEIVABLES (continued) An aging analysis of the trade receivables as at 31 December 2022 and 2021, based on the invoice date and net of loss allowance, is as follows: As at 31 December 2022 As at 31 December 2021 US$’000 US$’000 Within 90 days 347,924 125,339 91 to 180 days 3,904 540 Over 180 days 1,660 89 Total 353,488 125,968 The movements in the impairment of trade receivables are as follows: As at 31 December 2022 As at 31 December 2021 US$’000 US$’000 At beginning of year — — Impairment losses 15,017 — Exchange re-alignment 22 — At end of year 15,039 — The Group has applied the simplified approach to providing impairment for trade receivables prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all trade receivables. Impairment loss allowance of US$15,039,000 (2021:Nil) was recognized during the year.
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