64 All figures are in A$000's Note 2023 2022 Current Trade receivables 7(a) 239,068 168,305 Provision for doubtful debts (112) (112) Retentions 10,170 5,124 Sundry receivables 7(b) 19,093 19,204 Deposits and bonds 2,214 2,626 Receivables from associates - Dutco McConnell Dowell (ME) LLC 947 924 Receivables from other related parties 17 2,030 2,030 Total current trade and other receivables 273,410 198,101 7(a) - Trade receivables are non-interest bearing and are generally on 30-45 day terms. Refer to expected credit losses on Trade and other receivables below for additional information. Due to the short term nature of these receivables, their carrying value is assumed to approximate their fair value. The maximum exposure to credit risk is the fair value of the receivables. Details regarding the credit risk of current receivables are disclosed in Note 20. At 30 June, the ageing analysis of trade receivables is as follows: 0-30 days 224,043 161,814 31-60 days 7,862 2,631 61-90 days 3,272 1,056 91+ days 3,891 2,804 Total trade receivables 239,068 168,305 Expected credit losses on Trade and other receivables As at 30 June 2023, the Group has trade and other receivables of $239.1 million (2022: $168.3 million). The provision for expected credit losses on trade receivables is, in whole dollars $4,035 (2022: $5,812). 7(b) - Sundry receivables are non-interest bearing and generally have 30 day repayment terms. 7(c) Contract assets/ (liabilities) Contract assets: Total work in progress 150,593 112,722 Contract liabilities: Total progress billings in advance (165,830) (139,614) Net contract liabilities (15,237) (26,892) As at 30 June 2023, the Group has amounts due from customers of $150.6 million (2022: $112.7 million). Consolidated 7. Trade and other Receivables Notes to the annual financial statements (continued) for the year ended 30 June 2023
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