2008 Annual Report - Kenford Group Holdings Limited

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Notes to the Financial Statements For the year ended 31 March 2008 21. TRADE AND BILLS RECEIVABLES (Continued) Included in trade and bills receivables are trade receivables (net of impairment losses) with the following aging analysis using allowed credit term as of the balance sheet date: 2008 2007 HK$’000 HK$’000 Current (Note (a)) 63,347 38,183 60 days past due 6,117 20,795 61 to 120 days past due 85 1,087 121 to 365 days past due 11 2,762 More than 365 days past due 422 41 Amount past due at balance sheet date but not impaired (Note (b)) 6,635 24,685 69,982 62,868 Note: (a) The balance that were neither past due nor impaired relate to customers for whom there was no recent history of default. (b) The balance that were past due but not impaired relate to a number of customers that have a good track record with the Group. Based on the past experience, the management estimated that the carrying amounts could be fully recovered. The below table reconciled the impairment loss allowance of trade receivables for the year: 2008 2007 HK$’000 HK$’000 At beginning of the year 359 – Impairment loss recognised – 359 Reversal of impairment loss previously recognised (68) – Bad debts written off (1) – At end of the year (Note (c)) 290 359 Note: (c) The Group recognised impairment loss on individual assessment based on the accounting policy stated in note 4(g)(ii). Annual Report 2008 67
Notes to the Financial Statements For the year ended 31 March 2008 22. SUPPLEMENTAL INFORMATION TO CONSOLIDATED CASH FLOW STATEMENT (a) Analysis of the balances of cash and cash equivalents is set out below: Group 2008 2007 HK$’000 HK$’000 Cash available on demand 108,800 97,066 Short-term fi xed rate deposits 17,880 19,775 126,680 116,841 (b) Major non-cash transactions During the year ended 31 March 2008, the Group acquired property, plant and equipment for approximately HK$1,980,000 (2007: HK$5,703,000), which was settled through fi nance lease arrangements. 23. TRADE AND BILLS PAYABLES Group In general, the credit terms granted by suppliers ranged from 30 to 120 days. The aging analysis of trade and bills payables is as follows: 2008 2007 HK$’000 HK$’000 Aged: Within 60 days 39,975 47,446 61 – 120 days 26,633 4,594 121 – 365 days 2,831 3,049 More than 365 days 629 341 70,068 55,430 68 KENFORD GROUP HOLDINGS LIMITED
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Contents Page 1. Corporate Informat
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Chairman’s Statement On behalf of
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Management Discussion and Analysis
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Management Discussion and Analysis
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Report of the Directors PROPERTY, P
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Report of the Directors DIRECTORS
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Report of the Directors SUBSTANTIAL
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Report of the Directors SHARE OPTIO
Page 18 and 19: Report of the Directors SHARE OPTIO
Page 20 and 21: Report of the Directors TAXATION OF
Page 22 and 23: Directors' and Senior Management's
Page 24 and 25: Directors' and Senior Management's
Page 26 and 27: Corporate Governance Report BOARD O
Page 28 and 29: Corporate Governance Report CHAIRMA
Page 30 and 31: Corporate Governance Report NOMINAT
Page 32 and 33: Corporate Governance Report INVESTO
Page 34 and 35: Corporate Structure CORPORATE STRUC
Page 36 and 37: Independent Auditor’s Report OPIN
Page 38 and 39: Consolidated Balance Sheet As at 31
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Notes to the Financial Statements F
Page 84 and 85: Five Years Financial Summary CONSOL
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2008 Annual Report - Kenford Group Holdings Limited

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