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Notes to the Consolidated Financial Statements

31st March 2017

21 TRADE RECEIVABLES, PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES
(CONTINUED)

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.

2017 2016
HK$’000 HK$’000

Counterparties without external credit rating
– New customers (less than 6 months) 1,719 –
– Customers (more than 6 months) with no defaults
in the past 695,503 662,059

697,222 662,059

The carrying amounts of the trade receivables are denominated in the following currencies:

2017 2016
HK$’000 HK$’000

USD 666,445 638,392
Canadian dollar 27,115 21,607
RMB 1,719 –
Euro 1,470 1,566
Great British Pound 368 111
HKD 105 383

697,222 662,059

As at 31st March 2017 and 2016, there was no provision for impairment of trade receivables.

The maximum exposure to credit risk at the reporting date is the carrying amount of each class of
receivable mentioned above.

94 ALCO HOLDINGS LIMITED ANNUAL REPORT 2017