for the year ended 31 December 2016
NOTES TO THE
FINANCIAL STATEMENTS
Annual Report 2016
-
120
-
17.
Tradeandotherreceivables (cont’d)
Receivables that are past due but not impaired
TheGroup has trade receivables amounting to $2,952,000 (2015: $1,739,000) that are past due at the end of
the reporting period but not impaired. These receivables are unsecured and the analysis of their aging at the
end of the reporting period is as follows:
Group
2016
2015
$’000
$’000
Trade receivables past due but not impaired:
Lesser than 30 days
643
231
30 to 60 days
1,238
949
61 to 90 days
1,003
20
More than 90 days
68
539
2,952
1,739
Receivables that are impaired
The Group’s trade receivables that are individually impaired at the end of the reporting period and the
movement of the allowance account used to record the impairment is as follows:
Group
2016
2015
$’000
$’000
Trade receivables – nominal amounts
63
35
Less:Allowance for impairment
(63)
(35)
–
–
Movement in allowance account:
At 1 January
35
–
Charge for the year
63
35
Written off
(35)
–
At 31December
63
35
