in PDF - Hongkong Land

Notes to the Financial Statements
19 Debtors continued
At 31st December 2008, trade debtors of US$7.8 million (2007: US$7.6 million) were past due but not impaired. The ageing
analysis of these trade debtors is as follows:
2008 2007
US$m
US$m
Below 30 days 5.7 6.4
Between 31 and 60 days 1.6 1.0
Between 61 and 90 days 0.3 0.1
Over 90 days 0.2 0.1
7.8 7.6
The risk of trade debtors that are neither past due nor impaired at 31st December 2008 becoming impaired is low as most of the
balances have been settled subsequent to the year end.
Other debtors are further analysed as follows:
2008 2007
US$m
US$m
Prepayments 65.4 76.3
Interest rate swaps, cross currency swaps and forward foreign exchange contracts 109.6 36.1
Amounts due from joint ventures 93.2 107.6
Others 42.3 52.3
310.5 272.3
The amounts due from joint ventures are repayable on demand.
20 Bank balances
2008 2007
US$m
US$m
By geographical area of operation
Greater China 39.4 58.5
Southeast Asia and others 1,079.6 1,045.5
1,119.0 1,104.0
Bank balances of certain subsidiaries amounting to US$58.3 million (2007: US$73.0 million) are held under the Housing Developers
(Project Account) Rules in Singapore, withdrawals from which are subject to the provision of these Rules.
The weighted average fixed interest rate on bank balances of US$415.0 million (2007: US$445.0 million) is 4.7% (2007: 5.1%)
per annum.
42 Hongkong Land