Accounts receivable net (Tables)

12 Months Ended

Dec. 31, 2023

Accounts receivable, net

	2023		2022
	US$’000		US$’000
Contract receivables		2,864		1,614
Less: allowance for doubtful accounts		-		(28	)
		2,864		1,586

Allowance for doubtful accounts activity

	2023			2022
	US$’000			US$’000
Balance at beginning of period		28			30
Less : reversal in allowances		(28	)		(2	)
Balance at end of period		-			28

Age analysis of past due account receivables

	2023		2022
	US$’000		US$’000
Current		1,175		710
Past due
1-30 days		603		477
31-60 days		548		311
61-90 days		341		32
Greater than or equal to 91 days		197		56
		1,689		876
		2,864		1,586

ZHEJIANG TIANLAN

Accounts receivable, net

	2023			2022
	RMB’000			RMB’000
Contract receivables		157,879			175,792
Less: allowance for doubtful accounts		(29,644	)		(40,019	)
		128,235			135,773

Allowance for doubtful accounts activity

	2023			2022
	RMB’000			RMB’000
Balance at beginning of year		40,019			42,867
Add: provision for allowances		10,376			822
Less: reversal of provision for doubtful accounts		(677	)		(983	)
Less: write-off of doubtful accounts		(20,074	)		(2,687	)
Balance at end of year		29,644			40,019

Age analysis of past due account receivables

	2023		2022
	RMB’000		RMB’000
Within 1 year		92,014		111,436
1 year -  2 years		31,499		12,236
2 years - 3 years		3,140		1,437
3 years - 4 years		699		6,132
4 years - 5 years		883		4,532
		128,235		135,773