Annual Report 2020

155 Notes to the Financial Statements Miramar Hotel and Investment Company, Limited Annual Report 2020 14 Inventories 2020 2019 HK$’000 HK$’000 Consumable stores 8,378 10,362 Properties held for resale 114,240 106,312 122,618 116,674 Properties held for resale are stated at cost less the provision of HK$100,575,000 (2019: HK$93,708,000). 15 Trade and other receivables 2020 2019 HK$’000 HK$’000 Trade receivables 56,097 77,389 Less: loss allowance (note 23(a)) (9,856) (9,076) 46,241 68,313 Other receivables, deposits and prepayments 129,343 158,855 175,584 227,168 At 31 December 2020 and 2019, all of the trade and other receivables are expected to be recovered within one year, except for the amount of HK$9,365,000 (2019: HK$17,434,000) which is expected to be recovered after one year. Included in trade and other receivables are trade debtors (net of loss allowance) with the following ageing analysis, based on the invoice date (or date of revenue recognition, if earlier), as at the end of the reporting period: 2020 2019 HK$’000 HK$’000 Within 1 month 14,635 39,078 1 month to 2 months 4,503 11,538 Over 2 months 27,103 17,697 46,241 68,313 The Group’s credit policy and credit risk arising from trade receivables are set out in note 23(a).