Annual Report - QuamIR

Notes to the Consolidated Financial Statements (Continued)
30 Trade and other receivables (Continued)
Notes: (Continued)
30
(d)
The carrying amounts of the Group’s trade and other receivables are
(d)
denominated in the following currencies:
2011 2010
HK$ Million
HK$ Million
Hong Kong dollars 43.6 61.0
Renminbi 382.2 323.4
US dollars – 0.7
425.8 385.1
(e)
There is a bank borrowing secured by certain of the Group’s trade
(e)
44,100,000
receivables with carrying values of HK$44.1 million (2010: HK$26.4
26,400,000
million) (Note 36).
36
(f)
Movements on the provision for impairment of trade receivables are as
(f)
follows:
2011 2010
HK$ Million
HK$ Million
At 1 January 19.0 19.9
Currency translation differences 0.4 1.5
Reclassification from provision for other receivables 0.4 –
Reclassification to assets held for sale – (1.2)
Write back of provision for impairment losses (0.4) (0.8)
Trade receivables written off during the year as
uncollectible
(7.8) (0.4)
At 31 December 11.6 19.0
(g)
The maximum exposure to credit risk at the reporting date is the carrying
value of each class of receivable mentioned above. The Group does not
hold any collateral as security.
(g)
(h)
Non-current receivable is secured, receivable within 14 months counting
from the balance sheet date, with the rate of interest ranging from 6%-20%
per annum. The balance is denominated in Hong Kong dollars.
(h)
14
6%20%
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