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ADVANCES FROM CUSTOMERS
12 Months Ended
Dec. 31, 2023
ADVANCES FROM CUSTOMERS  
ADVANCES FROM CUSTOMERS

5. ADVANCES FROM CUSTOMERS

Advances from customers represent prepayments from customers and are recognized as revenue in accordance with the Group’s revenue recognition policy.

Advances from customers consist of the following and is analyzed as long-term and short-term portion respectively:

December 31, 

    

2022

    

2023

Customer A

*

33,727

Customer D

 

76,393

 

64,973

Customer E

 

35,040

 

*

Customer F

37,331

43,918

Others

 

126,404

 

120,223

Total

$

275,168

$

262,841

Less: Advances from customers – short-term portion

$

121,992

$

148,984

Advances from customers – long-term portion

$

153,176

$

113,857

*Represents less than 10%