NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 8. TRADE AND OTHER RECEIVABLES Group Trust 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Trade receivables 8,381 23,061 – – Impairment losses (404) (832) – – 7,977 22,229 – – Other receivables 2,707 5,872 644 171 Amounts due from related party – NCI (non-trade) 6,555 – – – Deposits 3,439 3,739 – – 20,678 31,840 644 171 Prepayments 4,839 6,498 3 2 25,517 38,338 647 173 Current 24,444 37,134 647 173 Non-current 1,073 1,204 – – 25,517 38,338 647 173 The amounts due from related party – NCI (non-trade) of $6.6 million is unsecured, interest free and repayable on demand. Other receivables, amounts due from related party – NCI (non-trade) and deposits are classified as current as the Group and the Trust expects to receive payment within 12 months. There is no allowance for doubtful debts arising from these outstanding balances as the ECL is not material. Concentration of credit risk relating to trade and other receivables (excluding prepayments and amount due from related party - NCI (non-trade)) is limited as the Group has many varied tenants located in several cities in China and a credit policy of obtaining security deposits from tenants for the lease of units in the Group’s investment properties. These tenants comprise tenants from the retail, business parks and logistics assets. The maximum exposure to credit risk for trade and other receivables (excluding prepayments and amount due from related party - NCI (non-trade)) at the reporting date (by geographical area in China) is: Group 2023 2022 $’000 $’000 Beijing 3,547 12,817 Inner Mongolia, Hohhot 399 1,352 Shanghai 2,840 4,891 Guangzhou 2,739 3,634 Hunan 266 957 Harbin 1,072 1,722 Chengdu 1,082 5,122 Suzhou 375 667 Hangzhou 226 181 Others 862 326 13,408 31,669 ANNUAL REPORT 2023 189 Financials Framework Portfolio Performance Leadership Overview
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