Annual Report 2019

155 Miramar Hotel and Investment Company, Limited Annual Report 2019 Notes to the Financial Statements 14 Inventories 2019 2018 HK$’000 HK$’000 Consumable stores 10,362 10,772 Properties held for resale 106,312 108,288 116,674 119,060 Properties held for resale are stated at cost and net of a provision of HK$93,708,000 (2018: HK$94,017,000). 15 Trade and other receivables 2019 2018 HK$’000 HK$’000 Trade receivables 77,389 95,935 Less: loss allowance (note 24(a)) (9,076) (9,598) 68,313 86,337 Other receivables, deposits and prepayments 158,855 196,026 227,168 282,363 At 31 December 2019 and 2018, all of the trade and other receivables are expected to be recovered within one year, except for the amount of HK$17,434,000 (2018: HK$14,034,000) which is expected to be recovered after one year. Included in trade and other receivables are trade debtors (net of loss allowance) with the following ageing analysis, based on the invoice date (or date of revenue recognition, if earlier), as at the end of the reporting period: 2019 2018 HK$’000 HK$’000 Within 1 month 39,078 58,139 1 month to 2 months 11,538 13,005 Over 2 months 17,697 15,193 68,313 86,337 The Group’s credit policy and credit risk arising from trade receivables are set out in note 24(a).