NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
19
TRADE AND OTHER RECEIVABLES
The Group
The Company
2014
HK$'000
2013
HK$'000
2014
HK$'000
2013
HK$'000
Trade receivables
180,762
206,099
Less: allowance for doubtful debts
180,762
206,099
Cash held by stakeholders
648,216
1,585,008
Other receivables and prepayments
64,596
140,062
2,412
2,476
893,574
1,931,169
2,412
2,476
All of the trade and other receivables except for instalment receivables of HK$98,497,000 (2013: HK$131,358,000) 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$38,120,000 (2013: HK$60,902,000) which are unsecured, interest-free and have no fixed terms of
repayment.
(a) Ageing analysis
Included in trade and other receivables are trade debtors (net of allowance for doubtful debts) with the following ageing analysis at the end of the reporting period:
The Group
2014
2013
HK$'000
HK$'000
Current
151,119
173,885
1 to 3 months overdue
25,761
20,825
More than 3 months but less than 12 months overdue
2,575
10,405
More than 12 months overdue
1,307
984
180,762
206,099
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 24(a).
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
89
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