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Notes to the Consolidated Financial Statements

31st March 2015

23 TRADE AND OTHER RECEIVABLES (continued)

The credit terms given to customers vary and are generally based on the financial strength of individual
customers. In order to manage the credit risks associated with trade receivables, credit evaluations of
customers are performed periodically.

The fair values of the trade and other receivables approximate to their carrying amounts.

At 31st March 2015 and 2014, the ageing analysis of the trade receivables based on shipping terms is
as follows:

Group
2015 2014
HK$’000 HK$’000

0 – 30 days 143,255 242,495
31 – 60 days 110,115 68,062
61 – 90 days 54,240 130,335
Over 91 days 225,796 149,323

533,406 590,215

As at 31st March 2015, no trade receivables (2014: HK$50,755,000) were past due with reference to
the credit terms offered.

The credit quality of trade receivables that are neither past due nor impaired can be assessed by
reference to historical information about counterparty default rates.

Group
2015 2014
HK$’000 HK$’000
Counterparties without external credit rating
– Customers (more than 6 months) with no defaults in the past 533,406 590,215

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 81