NewWorld Development Company Limited
FINANCIAL SECTION
190
41 CREDITORS AND ACCRUED CHARGES
(continued)
Notes:
(a) Aging analysis of trade creditors based on invoice date is as follows:
2015
2014
HK$m
HK$m
Current to 30 days
8,869.1
7,301.1
31 to 60 days
670.7
751.5
Over 60 days
1,548.3
1,342.9
11,088.1
9,395.5
(b) The amounts payable are interest free, unsecured and have no fixed terms of repayment.
(c) The carrying amounts of creditors and accrued charges, which approximate their fair values, are denominated in the
following currencies:
2015
2014
HK$m
HK$m
Hong Kong dollar
20,128.5
13,566.9
Renminbi
19,490.5
16,596.7
United States dollar
553.3
674.8
Macau Pataca
231.6
308.7
Others
201.6
152.4
40,605.5
31,299.5
42 FINANCIAL INSTRUMENTS BY CATEGORY
In accordance with HKFRS 7, the financial assets and financial liabilities of the Group as shown in the consolidated
statements of financial position are classified as follows:
(a) Financial assets at fair value through profit or loss and derivative financial instruments are categorised as
financial assets at fair value through profit or loss and carried at fair value;
(b) Available-for-sale financial assets are categorised as available-for-sale financial assets and carried at fair value;
(c) Held-to-maturity investments are categorised as held-to-maturity investments and carried at amortised cost
using the effective interest method;
(d) Long-term receivables, long-term deposits, restricted bank deposits, trade and other debtors, and cash and
bank balances are categorised as loans and receivables and carried at amortised cost using the effective
interest method; and
(e) Borrowings, trade and other creditors are categorised as financial liabilities and carried at amortised cost using
the effective interest method. Derivative financial instruments are categorised as financial liabilities at fair value
through profit or loss and carried at fair value.
