Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
19 TRADE AND OTHER RECEIVABLES (Continued)
(c) Trade debtors that are not impaired
The ageing analysis of trade debtors that are neither individually nor collectively considered to be impaired are as follows:
Neither overdue nor impaired
The Group
2013
2012
HK$'000
HK$'000
173,885
148,143
1 to 3 months overdue
20,825
16,744
More than 3 months but less than 12 months overdue
More than 12 months overdue
10,405
2,271
984
1,148
32,214
20,163
206,099
168,306
Receivables that were neither overdue nor impaired relate to a wide range of customers for whom there was no recent history of default.
Receivables that were overdue but not impaired relate to a number of independent customers that have a good track record with the Group. Based on past experience, management believes that no impairment allowance is necessary in respect of these balances as there has not been a significant change in credit quality and the balances are still considered fully recoverable.
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