WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
120
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
9.
TRADE AND BILLS RECEIVABLES
THE GROUP
2016
2015
HK$’000
HK$’000
Trade receivables
577,281
577,017
Less: allowance for doubtful debts
(16,387)
(26,727)
Net trade receivables
560,894
550,290
Bills receivables
20,001
23,131
580,895
573,421
Bills receivables represent bank drafts received from customers that are non-interest bearing and
due within one year.
The average credit period on sales of goods is 60 days (2015: 60 days). The following is an aging
analysis of trade receivables net of allowance for doubtful debts, presented based on the invoice
dates, at the end of the reporting period.
THE GROUP
2016
2015
HK$’000
HK$’000
Less than 60 days
407,633
391,291
61 to 90 days
105,474
111,096
Over 90 days
47,787
47,903
560,894
550,290
