2017E — Page 135

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).

Hong Kong Ferry (Holdings) Company Limited Annual Report 2017

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