Annual Report 2011/12 - International Entertainment Corporation

Notes to the Consolidated Financial StatementsFor the year ended 31 March 201223. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS2012 2011HK$’000 HK$’000Trade receivables 70,512 40,037Less: Allowance for doubtful debts for trade receivables (258) (95)70,254 39,942Other receivables, deposits and prepayments 35,141 31,193Less: Allowance for doubtful debts for other receivables (1,498) (2,904)33,643 28,289Total trade receivables, other receivables, deposits and prepayments 103,897 68,231The average credit terms for trade receivables granted by the Group range from 0 to 90 days. A longer period isgranted to customers with whom the Group has a good business relationship and which are in sound financialcondition.The following is an aged analysis of trade receivables net of allowance for doubtful debts presented based on theinvoice date at the end of the reporting period.2012 2011HK$’000 HK$’000Aged:0–30 days 28,334 34,26131–60 days 114 3,95761–90 days 45 1,068Over 90 days 41,761 65670,254 39,942Before accepting any new customer, the Group assesses the potential customer’s credit quality and defines creditlimits by customer. At 31 March 2012, trade receivables with an aggregate carrying amount of approximatelyHK$28,334,000 (2011: HK$35,040,000) were neither past due nor impaired. The Directors consider these tradereceivables are of good credit quality.74International Entertainment Corporation - Annual Report 2011/12