Annual Report 2016
167
Financial Section
30 Inventories
2016
2015
HK$m
HK$m
Raw materials
28.9
27.7
Finished goods
636.8
679.8
665.7
707.5
31 Debtors and Prepayments
2016
2015
HK$m
HK$m
Trade debtors (note (a))
3,205.2
4,901.8
Amounts due from customers for contract work (note 34)
417.6
154.8
Retention receivable for contract work
1,115.8
932.0
Payment for purchase of land and land preparatory costs
3,027.6
5,338.2
Deposits, prepayments and other debtors (note (f))
15,750.3
8,035.4
Amounts due from associated companies (note (g))
1,433.1
1,582.4
Amounts due from joint ventures (note (h))
531.5
283.3
25,481.1
21,227.9
Notes:
(a)
The Group has different credit policies for different business operations depending on the requirements of the markets and businesses
in which the subsidiaries operate. Sales proceeds receivable from sale of properties and retention receivable in respect of construction
and engineering services are settled in accordance with the terms of respective contracts.
Aging analysis of trade debtors based on invoice date is as follows:
2016
2015
HK$m
HK$m
Current to 30 days
2,274.7
2,859.5
31 to 60 days
260.7
595.1
Over 60 days
669.8
1,447.2
3,205.2
4,901.8
There is no concentration of credit risk with respect to trade debtors as the customer bases are widely dispersed in different sectors
and industries.
(b)
At 30 June 2016, trade debtors of HK$646.8 million (2015: HK$1,716.6 million) were past due but not impaired. These relate to a number
of independent customers for whom there is no recent history of default. The aging analysis of these trade debtors is as follows:
2016
2015
HK$m
HK$m
Current to 30 days
354.1
767.2
31 to 60 days
43.4
42.5
Over 60 days
249.3
906.9
646.8
1,716.6
At 30 June 2016, trade debtors of HK$64.4 million (2015: HK$56.6 million) were impaired. The aging analysis of these debtors is as
follows:
2016
2015
HK$m
HK$m
Current to 30 days
–
0.9
31 to 60 days
–
0.6
Over 60 days
64.4
55.1
64.4
56.6
