Notes to Fina - æ島æ°èéå
Notes to Fina - æ島æ°èéå
Notes to Fina - æ島æ°èéå
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<strong>Notes</strong> <strong>to</strong> <strong>Fina</strong><br />
<strong>Notes</strong> <strong>to</strong> <strong>Fina</strong>ncial Statements<br />
31 December 2002<br />
24. TRADE AND BILLS RECEIVABLES<br />
24. <br />
The Group allows an average credit period of 30 <strong>to</strong> 90<br />
days <strong>to</strong> its trade cus<strong>to</strong>mers. An aged analysis of trade<br />
and bills receivables, as at the balance sheet date,<br />
based on the payment due date, is as follows:<br />
30 90 <br />
<br />
<br />
Group<br />
<br />
2002 2001<br />
<br />
HK$’000<br />
HK$’000<br />
<br />
<br />
Current <strong>to</strong> 30 days 30 133,371 210,247<br />
31 <strong>to</strong> 60 days 31 60 21,967 12,491<br />
61 <strong>to</strong> 90 days 61 90 11,350 9,239<br />
91 <strong>to</strong> 120 days 91 120 3,774 5,763<br />
Over 120 days 120 6,826 7,626<br />
177,288 245,366<br />
Less: Provisions for bad and <br />
doubtful debts (6,076) (12,917)<br />
171,212 232,449<br />
25. PLEDGED TIME DEPOSITS<br />
25. <br />
The pledged time deposits were used <strong>to</strong> secure general<br />
banking facilities granted <strong>to</strong> the Group (note 28) and a<br />
jointly-controlled entity.<br />
<br />
28<br />
<br />
118<br />
Global China Group Holdings Limited Annual Report 2002