| Trade receivables, prepayments and other receivables. |
14 Trade receivables, prepayments and other receivables | | | | | | | As of December 31, | | As of June 30, | | | 2024 | | 2025 | | | RMB’000 | | RMB’000 | Trade receivables | | 318,044 | | 304,761 | Less: loss allowance | | (65,437) | | (63,389) | Trade receivables, net of loss allowance | | 252,607 | | 241,372 | Receivables from payments made on behalf of customers, net of allowance | | 31,917 | | 22,814 | Receivables from loans to employees (Note (i)) | | 18,501 | | — | Other receivables | | 50,418 | | 22,814 | Trade and other receivables at amortized cost | | 303,025 | | 264,186 | Prepayments to suppliers | | 67,542 | | 46,151 | Refundable value-added tax | | 64,678 | | 96,596 | Others | | 15,014 | | 25,566 | Prepayments and others | | 147,234 | | 168,313 | Prepayments and other receivables | | 197,652 | | 191,127 | Total trade receivables, prepayments and other receivables | | 450,259 | | 432,499 |
Note: | (i) | In June 2023, the Group provided a one-year loan with a principal amount of USD1.5 million (equivalent to RMB10.9 million) to an employee at an interest rate of 4.43%. The principal of USD1.0 million was repaid in 2024, and the remaining principal of USD0.5 million and the cumulative interest of USD80 thousand was repaid in May 2025. |
In December 2024 and January 2025, the Group provided one-year loans with total principal amount of USD2.0 million (equivalent to RMB14.6 million) and USD50 thousand (equivalent to RMB359 thousand) respectively, to another employee at an interest rate of 4.30%. The principal of USD2.05 million and the cumulative interest of USD26 thousand was repaid in April 2025. All of the trade and other receivables are expected to be recovered or recognized as expense within one year. Trade receivables are normally due within 30 to 90 days from the invoice date.
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