NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
18
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:
2015
HK$'000
2014
HK$'000
Neither overdue nor impaired
125,133
151,119
1 to 3 months overdue
19,566
25,761
More than 3 months but less than 12 months overdue
4,265
2,575
More than 12 months overdue
7
1,307
23,838
29,643
148,971
180,762
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.
19 OTHER FINANCIAL ASSETS
Financial assets designated at fair value through profit or loss
2015
HK$'000
2014
HK$'000
90,375
During the year ended 31 December 2015, the Group purchased equity-linked notes and index-linked note in the total amount of HK$100,000,000. These investment were, upon initial recognition, designated by the Group as financial assets at fair value through profit or loss with subsequent changes in fair values recognised in profit or loss.
Hong Kong Ferry (Holdings) Company Limited
111
Annual Report 2015
No comments yet.
Private notes are available after approval.