| ACCOUNTS RECEIVABLE, NET |
5. ACCOUNTS RECEIVABLE, NET
Accounts receivable, net comprised the following:
|
|
|
As of
December 31,
2024
|
|
As of June 30,
2025
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Accounts receivable
|
|
36,837,847 |
|
|
14,265,430 |
|
|
1,817,275 |
|
|
Allowance for expected credit loss
|
|
(2,668,186 |
)
|
|
(376,389 |
)
|
|
(47,948 |
)
|
|
Total
|
|
34,169,661 |
|
|
13,889,041 |
|
|
1,769,327 |
|
Allowance for expected credit losses consists of the following:
|
|
|
As of
December 31,
2024
|
|
As of June 30,
2025
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Beginning balance of the year/period
|
|
1,414,818 |
|
2,668,186 |
|
|
339,900 |
|
|
Addition (reversal)
|
|
1,253,368 |
|
(2,291,797 |
)
|
|
(291,952 |
)
|
|
Ending balance of the year/period
|
|
2,668,186 |
|
376,389 |
|
|
47,948 |
|
|
5. ACCOUNTS RECEIVABLE, NET
Accounts receivable, net is comprised of the following:
|
|
|
As of December 31,
|
| |
|
2023
|
|
2024
|
|
2024
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Accounts receivable
|
|
33,758,410 |
|
|
36,837,847 |
|
|
4,742,440 |
|
|
Allowance for expected credit losses
|
|
(1,414,818 |
)
|
|
(2,668,186 |
)
|
|
(343,497 |
)
|
|
Total
|
|
32,343,592 |
|
|
34,169,661 |
|
|
4,398,943 |
|
Allowance for expected credit losses, net consists of the following:
|
|
|
2023
|
|
2024
|
|
2024
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Beginning balance, January 1
|
|
31,502 |
|
1,414,818 |
|
182,141 |
|
Addition
|
|
1,383,316 |
|
1,253,368 |
|
161,356 |
|
Ending balance, December 31
|
|
1,414,818 |
|
2,668,186 |
|
343,497 |
|