NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
20 TRADE AND OTHER RECEIVABLES
Trade receivables
Less: allowance for doubtful debts
Cash held by stakeholders
Other receivables and prepayments
Amount due from a joint venture
2017
2016
HK$'000
HK$'000
356,177
332,960
(2,151)
(2,151)
354,026
330,809
120,675
457,828
190,538
64,720
25,374
412
690,613
853,769
All of the trade and other receivables except for instalment receivables of HK$220,829,000 (2016: HK$219,596,000) are expected to be recovered or recognised as expense within one year. Included in the trade and other receivables are amounts due from related companies of HK$54,889,000 (2016: HK$72,405,000) which are unsecured, interest-free and have no fixed terms of repayment.
The amount due from a joint venture is unsecured, interest-bearing at a rate to be agreed by the Group and the joint venture partner and has no fixed terms of repayment. During the years and as at 31 December 2017 and 2016, the balance did not
bear any interest.
(a)
Ageing analysis
Included in trade and other receivables are trade debtors (net of allowance for doubtful debts) with the following ageing analysis based on due date at the end of the reporting period:
2017
2016
HK$'000
HK$'000
Current
321,335
289,963
1 to 3 months overdue
27,137
32,303
More than 3 months but less than 12 months overdue
3,518
8,320
More than 12 months overdue
2,036
223
354,026
330,809
Trade debtors are due ranging from 7 to 45 days from the date of billing. Debtors with balances that are more than 60 days overdue are generally required to settle all outstanding balances before any further credit is granted. Further details on the Group's credit policy are set out in note 26(a).
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