HUTCHISON PORT HOLDINGS TRUST 168 NOTES TO THE FINANCIAL STATEMENTS 20 Trade and other receivables (Continued) Trade and other receivables are denominated in the following currencies: Group 2025 2024 Percentage Percentage Hong Kong dollar 31% 42% Renminbi 61% 49% United States dollar 8% 9% 100% 100% Trust 2025 2024 Percentage Percentage Singapore dollar 94% 100% United States dollar 6% – 100% 100% The carrying amounts of these assets approximate their fair values. Notes: (a) The amounts due from associated companies and joint ventures of the Group; and amounts due from subsidiary companies of the Trust are unsecured, interest free and have no fi xed terms of repayment. (b) As at 31 December 2025, the loans to an associated company totaling RMB945,000,000 (approximately HK$1,048,950,000) are unsecured, interest bearing at a fi xed rate of 2.0% per annum and repayable in one year. As at 31 December 2024, the loans to an associated company totaling RMB765,000,000 (approximately HK$810,900,000) and RMB125,000,000 (approximately HK$132,500,000) are unsecured, interest bearing at a fi xed rate of 2.0% and 2.3% per annum, respectively and repayable in one year. (c) At 31 December 2025, trade receivables of the Group amounting to HK$9,500,000 (2024: HK$95,073,000) were impaired and provided for. The Group applies the simplifi ed approach to provide for expected credit losses prescribed by HKFRS 9, which permits the use of the lifetime expected credit loss provision for all trade receivables. Movements on the loss allowance provision for trade receivables are as follows: 2025 2024 HK$’000 HK$’000 At beginning of the year 95,073 47,659 Additions 95 47,357 Utilisation (38,400) – Write-off (47,275) – Currency translation diff erences 7 57 At end of the year 9,500 95,073 The additions to loss allowance provision for trade receivables have been included in the income statement. The other classes within trade and other receivables do not contain impaired assets. The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivables mentioned above.
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