Annual Report 2011 - Hongkong Land

Notes to the Financial Statements
18 Debtors continued
2011 2010
US$m
US$m
By geographical area of operation
Greater China 271.7 179.6
Southeast Asia and others 113.8 117.0
385.5 296.6
An allowance for impairment of trade debtors is made based on the estimated irrecoverable amount. Significant financial
difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganisation, and default or delinquency
in payment are considered indicators that the debt is impaired.
At 31st December 2011, no trade debtors (2010: Nil) were impaired and fully provided.
At 31st December 2011, trade debtors of US$4.2 million (2010: US$4.4 million) were past due but not impaired. The ageing
analysis of these trade debtors is as follows:
2011 2010
US$m
US$m
Below 30 days 3.8 3.2
Between 31 and 60 days 0.4 1.1
Between 61 and 90 days – 0.1
4.2 4.4
The risk of trade debtors that are neither past due nor impaired at 31st December 2011 becoming impaired is low as most of the
balances have been settled subsequent to the year end.
Other debtors are further analysed as follows:
2011 2010
US$m
US$m
Prepayments 178.4 91.2
Derivative financial instruments 70.0 55.2
Amounts due from associates and joint ventures 84.9 85.5
Others 29.6 31.9
362.9 263.8
The fair value of debtors other than derivative financial instruments approximates their carrying amount, as the impact of
discounting is not significant. Derivative financial instruments are stated at fair value.
50 Hongkong Land