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Notes to the Consolidated Financial Statements

31st March 2018

21 TRADE RECEIVABLES, PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

2018 2017
HK$’000 HK$’000

Non-current
Prepayments, deposits and other receivables (Note) 17,677 23,070
Current
Trade receivables 826,632 697,222
Less: Provision for doubtful debt (2,908) –
Trade receivables, net 823,724 697,222
Prepayments, deposits and other receivables (Note) 40,433 45,471

864,157 742,693

881,834 765,763

Note: As at 31st March 2018, other receivables included HK$14,300,000 (2017: HK$28,629,000), 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.

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.

As of 31st March 2018, trade receivables of HK$2,908,000 (2017: Nil) were considered impaired.
The individual impaired receivables are mainly related to a customer which no longer has business
relationship with the Group. The amount of provision is HK$2,908,000 as of 31st March 2018 (2017:
Nil). The ageing of these impaired receivables is as follows:

2018 2017
HK$’000 HK$’000

Over 90 days 2,908 –

104 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018