181 ANNUAL REPORT 2025 Notes to the Financial Statements For the financial year ended 31 December 2025 6 TRADE AND OTHER RECEIVABLES Group Trust 2025 2024 2025 2024 US$’000 US$’000 US$’000 US$’000 Trade receivables 4,318 3,561 – – Allowance for ECL (442) (787) – – Net trade receivables 3,876 2,774 – – Other receivables 4,439 3,650 85 77 Other receivables from subsidiaries – – 9,554 9,648 8,315 6,424 9,639 9,725 Other receivables of the Group mainly relate to accrued recoveries income for the relevant period, which will be invoiced subsequent to the end of the reporting period. Other receivables of the Trust mainly relate to GST receivables. Other receivables due from subsidiaries are non-trade related, unsecured, interest-free, repayable on demand and to be settled in cash. Impairment losses The movement in impairment losses recognised in respect of trade receivables during the financial year is as follows: Group 2025 2024 US$’000 US$’000 At the beginning of the financial year 787 219 (Write-back of allowance)/allowance for ECL (148) 770 Write-off (197) (202) At the end of the financial year 442 787 The Manager believes that no allowance for ECL is necessary in respect of the remaining trade and other receivables as majority of the balances are not past due and/or relate to creditworthy debtors and counterparties with good payment record.
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