Sunny Tew

NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)8. Trade and other receivables (Continued)The GroupThe Company2007 2006 2007 2006$ $ $ $Other receivablesThird parties 262,661 33,526 2,061 -Staff loans 3,300 17,400 3,300 17,393Rental, utilities and other deposits 222,853 197,680 162,470 112,270Prepaid operating expenses 9,340,561 228,102 2,883,185 193,197Amounts due by subsidiaries (non-trade)- Advance payment for purchase of land - - 2,725,729 -- Deposit for the purchase of land - - 3,662,390 -- Others - - 2,702,381 1,777,4539,829,375 476,708 12,141,516 2,100,31398,547,379 92,132,268 93,865,715 84,378,916Movements in allowance for doubtful trade receivables are as follows:Balance at beginning of financial year 3,886,737 1,533,972 3,697,641 1,401,349Allowance charged to income statement 1,002,211 3,118,304 1,002,211 3,024,827Allowance written back to income statement (781,931) (669,838) (765,251) (728,535)Bad debts written off against allowance (271,204) (95,701) (236,576) -Balance at end of financial year 3,835,813 3,886,737 3,698,025 3,697,64170 HG METAL MANUFACTURING LIMITED ANNUAL REPORT 2007