165 Annual Report 2024 11. Trade and other receivables Group Company 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Current: Trade receivables 117,242 110,309 1,138 827 Other receivables 24,519 10,613 − 16 Accrued sales 22,679 29,734 − − Refundable deposits 2,576 2,072 185 185 Staff advances 170 129 − − GST receivables 104 156 − − Total trade and other receivables 167,290 153,013 1,323 1,028 Add: Amounts due from subsidiaries (Note 5) − − 123,876 120,258 Cash and bank balances (Note 12) 57,401 39,426 9,455 3,321 Finance lease receivables (Note 24) 212 389 − − Less: GST receivables (104) (156) − − Total financial assets carried at amortised cost 224,799 192,672 134,654 124,607 Trade receivables arise from contracts with customers and are non-interest bearing and are generally on 30-day to 120-day terms (2023: 30-day to 120-day terms). They are recognised at their original invoice amounts which represent their fair values on initial recognition. Trade and other receivables denominated in foreign currencies other than functional currencies of respective entities at 31 December are as follows: Group 2024 2023 $’000 $’000 United States Dollars 929 5,192 None of the Company’s trade and other receivables are denominated in foreign currencies. Staff advances Staff advances are unsecured and non-interest bearing. NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024
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