PREPAYMENTS AND OTHER RECEIVABLES

2017

2018

RMB’000

Due from third parties

268,715

313,801

Due from related parties

45,536

35,106

314,251

348,907

2017

2018

RMB’000

Other receivables

288,432

321,855

Less: Provision for impairment

(13,325)

(10,590)

Other receivables, net (Note (a))

275,107

311,265

Prepayments (Note (b))

39,144

37,642

314,251

348,907

(a) Other receivables mainly represent miscellaneous deposits and receivables arising from the course of provision of non-railway transportation services by the Group. As of 31 December 2018, the input VAT with related invoices not been received or verified amounted to RMB148,369,000 (2017: RMB122,190,000).

Movements on the provision for impairment of other receivables are as follows:

2016

2017

2018

RMB’000

At 31 December

13,377

13,336

13,325

Change of accounting policy (Note 2.2(a))

5,527

At 1 January

13,377

13,336

18,852

Provision for impairment loss

4,631

Reversal of impairment loss provision

(1)

(3)

(2)

Written-off

(40)

(8)

(12,891)

At 31 December

13,336

13,325

10,590

(b) Prepayments mainly represent amounts paid in advance to the suppliers for utilities and other operating expenses of the Group.

20 PREPAYMENTS AND OTHER RECEIVABLES (CONTINUED)

The carrying amounts of the Group’s prepayments and other receivables are denominated in the following currencies:

	2017	2018
	RMB’000	RMB’000

RMB	314,184	348,491
HKD	67	416
	314,251	348,907

The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable mentioned above. The Group does not hold any collateral as security.