for the year ended 31 December 2016
NOTES TO THE
FINANCIAL STATEMENTS
Baker Technology Limited
-
121
-
18.
Amountsduefrom / (to) subsidiaries
Company
2016
2015
$’000
$’000
Amount due from:
Non-trade receivables – nominal amounts
107,074
67,166
Less:Allowance for impairment
(14,000)
–
93,074
67,166
Movement in allowance account:
Charge for the year and at 31December
14,000
–
Amount due to:
Non-trade payables
5,653
38,696
The amounts due from / (to) subsidiaries are unsecured, non-interest bearing and are repayable on demand.
In thecurrent financial year, an impairment lossof$14,000,000 (2015: $Nil)was recognised in theCompany’s
profit or loss subsequent to an assessment of the carrying amount of the amounts due from subsidiaries.
19.
Cashandshort-termdeposits
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Cash at banks and on hand
38,205
50,517
30,406
38,712
Short-term deposits
68,751
89,553
68,751
89,553
106,956
140,070
99,157
128,265
Cash at banks earns interest at floating rates based on daily bank deposit rates. Short-term deposits aremade
for varying periods of between oneweek to threemonths depending on the immediate cash requirements of
theGroup andCompany, and earn interests at the respective short-term deposit rates ranging from 0.25% to
1.10% (2015: 0.30% to 0.99%) per annum.
Cash and short-term deposits denominated in foreign currencies at 31December are as follows:-
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
UnitedStatesDollar
39,758
45,851
35,448
37,076
Euro
480
451
20
48
