SEO Version
72
Notes to the Financial Statements
30 April 2013
(In Singapore dollars)
18.
Trade receivables
Group
2013
2012
$’000
$’000
External parties
99,552
101,645
Less: Allowance for doubtful trade receivables
(7,754)
(6,030)
91,798
95,615
Bad debts written-off directly to profit or loss
146
100
Trade receivables are denominated in the following currencies:
Group
2013
2012
$’000
$’000
Ringgit Malaysia
26,033
25,460
United States Dollars
19,292
22,035
Singapore Dollars
14,206
14,417
Thai Baht
8,903
7,808
South African Rand
7,148
9,253
Australian Dollars
5,056
3,391
Chinese Renminbi
4,071
3,801
Indonesian Rupiah
3,492
3,276
Hong Kong Dollars
2,477
5,638
Others
1,120
536
91,798
95,615
Trade receivables are non-interest bearing and are generally on 30 to 120 days terms. They are recognised at
their original invoice amounts which represent their fair values on initial recognition.
At the end of the reporting period, trade receivables arising from export sales amounting to $425,000 (2012:
$347,000) are supported by letters of credits issued by banks in countries where the customers are based.
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