NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
20
TRADE AND OTHER RECEIVABLES (Continued)
(c)
Trade debtors that are not impaired (Continued!
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.
21 OTHER FINANCIAL ASSETS
Financial assets designated at fair value through profit or loss
2017
HK$'000
2016
HK$'000
20,000
The balance as at 31 December 2016 represented investments in equity-linked notes and index-linked note. 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. During the year ended 31 December 2017, the Group had redeemed all these investments.
22 CASH AND BANK BALANCES
(a)
Deposits with banks and other financial institutions
Cash at bank and in hand
2017
HK$'000
2016
HK$000
1,771,616
20,063
939,251
10,198
1,791,679
949,449
Included in cash and bank balances are the following amounts denominated in a currency other than Hong Kong
dollars:
United States dollars
Renminbi
2017
2016
'000
000
USD
4 USD
4
RMB
44
RMB
44
135
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2017
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