Accounts receivable net

12 Months Ended

Dec. 31, 2024

Accounts receivable, net

Note 4: Accounts receivable, net

Accounts receivable, net consisted of the following at December 31,:

		2024				2023
		US$’000				US$’000

Contract receivables			1,386				2,864
Less: allowance for doubtful accounts			-				-
			1,386				2,864

The roll-forward of activity in the allowance for doubtful accounts was as follows for the years ended December 31:

		2024				2023
		US$’000				US$’000

Balance at beginning of period			-				28
Less : reversal in allowances			-				(28	)
Balance at end of period			-				-

The following is an aging analysis of accounts receivable, net at December 31:

		2024				2023
		US$’000				US$’000

Current			422				1,175
Past due
1-30 days			397				603
31-60 days			224				548
61-90 days			183				341
Greater than or equal to 91 days			160				197
			964				1,689
			1,386				2,864

ZHEJIANG TIANLAN

Accounts receivable, net

4.	Accounts receivable, net

Accounts receivable, net consisted of the following at December 31:

		2024			2023
		RMB’000			RMB’000
Contract receivables		171,008			157,879
Less: allowance for doubtful accounts		(35,952	)		(29,644	)

		135,056			128,235

The roll-forward of activity in the allowance for doubtful accounts was as follows for the years ended December 31:

		2024				2023
		RMB’000				RMB’000

Balance at beginning of year			29,644				40,019
Add: provision for allowances			6,304				10,376
Less: reversal of provision for doubtful accounts			-				(677	)
Less: write-off of doubtful accounts			-				(20,074	)

Balance at end of year			35,952				29,644

The following is an aging analysis of accounts receivable, net at December 31:

		2024				2023
		RMB’000				RMB’000

Within 1 year			100,254				121,658
1 year - 2 years			30,292				31,499
2 years - 3 years			10,701				3,140
3 years - 4 years			3,515				699
4 years - 5 years			456				883
Over 5 years			25,790
Less: allowance for doubtful accounts			(35,952	)			(29,644	)

			135,056				128,235

At December 31, 2024, the accounts receivable, net pledged as security for the Company’s bank loans and third party loans amounted to RMB Nil (2023: RMB Nil).