v3.26.3
TRADE RECEIVABLES, NET
 12 Months Ended
Sep. 30, 2025
Credit Loss [Abstract]  
TRADE RECEIVABLES, NET

NOTE 3. TRADE RECEIVABLES, NET

 

Trade receivables, net consisted of the following:

 

          
   As of September 30, 
   2024   2025 
   HK$   HK$ 
Trade receivables   31,243,182    43,037,307 
Less: allowance for credit loss   (6,317,000)   (8,790,000)
    24,926,182    34,247,307 

 

The Group recorded a reversal of provision for allowance for credit loss of trade receivables of HK$3,058,000 for the year ended September 30, 2024. The Group recorded provision for allowance for credit loss of trade receivables of HK$2,473,000 for the year ended September 30, 2025.

 

Movement of provision for allowance for credit loss of trade receivables is as follows:

 

   For the Years Ended
September 30,		 
   2024   2025 
   HK$   HK$ 
Balance at beginning of the year   8,347,208    6,317,000 
Retrospective adjustment upon adoption of ASC 326   1,027,792    — 
(Reversal of provision) Provision for the year   (3,058,000)   2,473,000 
Balance at end of the year   6,317,000    8,790,000 

 

The reversal of HK$3,058,000 recognized for the year ended September 30, 2024 mainly resulted from the subsequent collection of amounts previously provided for and the improvement in the ageing profile of trade receivables. The provision of HK$2,473,000 recognized for the year ended September 30, 2025 reflected the increase in trade receivable balances and the deterioration in the macroeconomic environment during the year.