Schedule of trade and other receivables |
| | | | | | | | | | | As at June 30, | | | Note | | 2022 | | 2023 | | | | | RMB’000 | | RMB’000 | Non-current | | | | | | | Amounts due from related parties | | 32(c) | | — | | 10,647 | Deposits | | | | 10,000 | | 41,834 | Value-added tax (“VAT”) recoverable | | | | 18,274 | | 22,160 | | | | | 28,274 | | 74,641 | | | | | | | | Current | | | | | | | Trade receivables | | | | 375,798 | | 394,727 | Less: loss allowance | | 29(a) | | (85,117) | | (88,764) | | | | | | | | Trade receivables, net of loss allowance | | | | 290,681 | | 305,963 | Amounts due from related parties | | 32(c) | | 5,105 | | 5,602 | Miscellaneous expenses paid on behalf of franchisees | | | | 246,097 | | 265,335 | VAT recoverable | | | | 182,906 | | 270,298 | Rental deposits | | | | 101,124 | | 86,600 | Receivables due from on-line payment platforms and banks (i) | | | | 26,806 | | 34,726 | Prepayments for inventories | | | | 52,476 | | 49,631 | Prepayments for licensing expenses | | | | 35,223 | | 40,934 | Prepayments for listing expenses relating to Hong Kong public offering | | | | 58,560 | | — | Prepayments for promotion and advertising expenses | | | | 9,302 | | 17,374 | Others | | | | 47,918 | | 73,693 | | | | | | | | | | | | 1,056,198 | | 1,150,156 |
Notes: (i) | Receivables due from on-line payment platforms and banks mainly represented the proceeds of online sales through e-commerce platforms collected by and retained in third-party online payment platforms. Withdrawal of the balances retained in online payment platforms could be made anytime upon the Group’s instructions. The amounts also included those due from banks for offline sales made through customer credit/debit cards and other online payment platforms that require overnight processing by the collection banks. |
(ii) | All of trade and other receivables classified as current portion are expected to be recovered or recognized as expense within one year. |
(iii) | Trade debtors are due within 20 to 180 days from the date of revenue recognition for domestic and overseas customers respectively. Further details on the Group’s credit policy and credit risk arising from trade debtors are set out in Note 29(a). |
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