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Notes to the Consolidated Financial Statements

31st March 2017

21 TRADE RECEIVABLES, PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

2017 2016
HK$’000 HK$’000

Non-current
Prepayments, deposits and other receivables (Note) 23,070 41,068
Current
Trade receivables 697,222 662,059
Prepayments, deposits and other receivables (Note) 45,471 30,875
742,693 692,934

765,763 734,002

Note: As at 31st March 2017, other receivables included HK$28,629,000 (2016:HK$43,374,000), being the consideration
receivable from PVI Global Corporation (a subsidiary of E Ink Holdings Inc. (“E Ink”)) for the disposal of the corporate
bond of Hydis Technologies Company Limited. A guarantee was granted by E Ink to cover the entire receivable
amount. HK$14,456,000 shall be receivable in the first year and HK$14,173,000 shall be receivable in the second
year.

The credit terms given to customers vary and are generally based on the financial strengths of individual
customers. In order to effectively 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 2017 and 2016, the ageing analysis of the trade receivables based on shipping terms is
as follows:

2017 2016
HK$’000 HK$’000
0 – 30 days 102,368 58,780
31 – 60 days 95,899 110,303
61 – 90 days 132,720 51,483
Over 90 days 366,235 441,493
697,222 662,059

As at 31st March 2017, trade receivables of HK$163,543,000 (2016: HK$359,587,000) were past due
with reference to the credit terms offered. The overdue sum is not considered as impaired since the
overdue sum has been settled in early May 2017.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2017 93