Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
21
TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAYMENTS
(a)
Trade and other receivables
HKAS 1.77
HKAS 1.78(b)
HKFRS 7.8(f)
Trade debtors and bills receivable, net of loss allowance
Other debtors (note 23)
Financial assets measured at amortised cost
2023
$'000
2022
$'000
73,638
56,776
400
546
74,038
57,322
Insurance reimbursement (note 31)
2,158
1,752
76,196
59,074
HKAS 1.61
Apart from those mentioned in notes 20 and 31, all of the other trade and other receivables are
expected to be recovered or recognised as expense within one year 202.
A16(4)(2)(a)
HKFRS 7.33(b)
A16(4)(2)(a) &
A16(4)(2)(b)
212
HKFRS 7.6, 31,
34-38 & B1-B3
Ageing analysis
As of the end of the reporting period, the ageing analysis of trade debtors and bills receivable (which
are included in trade and other receivables), based on the invoice date and net of loss allowance, is as
follows 212
Within 1 month
1 to 2 months
2 to 3 months
Over 3 months but within 6 months
2023
$'000
2022
$'000
59,767
44,034
10,403
9,557
2,081
1,911
1,387
1,274
73,638
56,776
Trade debtors and bills receivable are due within [•] days from the date of billing. Further details on the
group's credit policy and credit risk arising from trade debtors and bills receivable are set out in note
33(a).
For Main Board listed issuers, the MBLRS require disclosure of the group's ageing analysis of accounts receivable and payable. In
accordance with Note 4.2 to paragraph 4 to Appendix 16 to the MBLRs, the ageing analysis should normally be presented on the
basis of the date of the relevant invoice or demand note and categorised into time-bands based on analysis used by an issuer's
management to monitor the issuer's financial position. The basis on which the ageing analysis is presented should be disclosed.
As of the time of writing, there is no guidance or recommendation as to whether the ageing of accounts receivable should be
before or after recognition of impairment losses. Listed entities are therefore recommended, as a matter of best practice, to clearly
state which approach has been adopted in this respect.
Both listed and unlisted entities should also note that HKFRS 7 requires summary quantitative data in respect of the entity's
exposures to each type of risk arising from financial instruments at the reporting date. This summary quantitative data should be
based on information provided internally to key management personnel of the entity. Although this appears to leave it up to
management's judgement to decide how much information to disclose. HKFRS 7 requires the following information to be disclosed
as a minimum, whether or not such information is included in information provided to key management personnel:
• paragraphs 35A to 38 of HKFRS 7 require disclosure of an entity's credit risk management practices, quantitative and
qualitative information about amounts arising from expected credit losses and the entity's credit risk exposure (see note
33(a)).
•
paragraph 39(a) of HKFRS 7 requires disclosure of summary quantitative data about an entity's exposure to liquidity risk in the
form of a maturity analysis for financial liabilities that shows the remaining contractual maturities (see note 33(b)).
134
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