| ACCOUNTS RECEIVABLE, NET |
| 4. |
ACCOUNTS RECEIVABLE, NET |
Accounts receivable, net is comprised of the following:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| Accounts receivable | |
| 25,125,372 | | |
| 29,606,430 | | |
| 3,803,840 | |
| Allowance for expected credit losses | |
| (6,263,876 | ) | |
| (7,023,628 | ) | |
| (902,397 | ) |
| Total | |
| 18,861,496 | | |
| 22,582,802 | | |
| 2,901,443 | |
Movement of allowance for expected credit losses
consists of the following:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| Beginning balance | |
| 5,066,546 | | |
| 6,263,876 | | |
| 804,784 | |
| Addition | |
| 1,197,330 | | |
| 759,752 | | |
| 97,613 | |
| Ending balance | |
| 6,263,876 | | |
| 7,023,628 | | |
| 902,397 | |
|