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ADVANCES FROM CUSTOMERS
12 Months Ended
Dec. 31, 2024
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, 

    

2023

    

2024

Customer F

64,973

27,201

Customer E

 

17,376

 

7,517

Customer B

 

43,918

 

7,114

Customer A

33,727

*

Others

 

102,847

 

16,844

Total

$

262,841

$

58,676

Less: Advances from customers – short-term portion

$

148,984

$

37,192

Advances from customers – long-term portion

$

113,857

$

21,484

*Represents less than 10%