Prepayments and other assets

Prepayments and other assets
DescriptionNotes20252024
Net value added tax (VAT) receivables55,019-
Advances to suppliers6,2375,319
Loans to employees, current portion95,6564,764
Prepaid insurance1,3103,754
Employees’ home ownership receivables, current portion898711
Others2,8192,080
71,13916,628

Prepayments and other assets

Prepayments and other assets
DescriptionNotes20252024
Net value added tax (VAT) receivables55,019-
Advances to suppliers6,2375,319
Loans to employees, current portion95,6564,764
Prepaid insurance1,3103,754
Employees’ home ownership receivables, current portion898711
Others2,8192,080
71,13916,628

Loans to employees, employees’ home ownership receivables and other receivables are generally settled within 12 months from the reporting date. Hence, their carrying amount is considered to be the same as fair value.