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10. Trade receivables, prepayments, deposits and other receivables (continued)
The ageing analysis of trade receivables based on shipping terms is as follows:
30 September 31 March
2019 2019
HK$’000 HK$’000
0 – 30 days 51,124 41,899
31 – 60 days 122,015 62,159
61 – 90 days 60,908 69,602
Over 90 days 350,617 337,094
584,664 510,754
11. Trade and other payables
30 September 31 March
2019 2019
HK$’000 HK$’000
Non-current
Other payables 4,289 4,720
Current
Trade payables 196,903 94,128
Other payables and accruals 82,947 95,979
Refund liabilities (Note i) 13,142 15,233
292,992 205,340
Total 297,281 210,060
The fair value of the trade and other payables approximate to their carrying amounts.
(i) When a customer has a right to return product within a given period, the Group
recognises a refund liability for the amount of consideration received for which
the entity does not expect to be entitled. The Group also recognises a right to the
returned goods.
Interim Report 2019 ALCO HOLDINGS LIMITED 17
