Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
ANNUAL REPORT 2015
76
BUILDING ON OUR EXTENSIVE NETWORK
17. Trade receivables (cont’d)
Receivables that are past due but not impaired
The Group has trade receivables amounting to $26,853,000 (2014: $21,073,000) 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 each reporting period is as follows:
Group
2015
2014
$’000
$’000
Trade receivables past due:
Lesser than 30 days
6,456
7,607
30 - 60 days
6,127
3,431
61 - 90 days
2,812
1,011
91 - 120 days
1,666
788
More than 120 days
9,792
8,236
26,853
21,073
Receivables that are impaired
The Group’s trade receivables that are impaired at the end of each reporting period and the movement
of the allowance accounts used to record the impairment are as follows:
Group
2015
2014
$’000
$’000
Trade receivables – nominal amounts
7,865
6,608
Less: Allowance for doubtful trade receivables
(7,865)
(6,608)
–
–
Movement in allowance accounts:
At 1 May
6,608
7,194
Charge for the year
1,358
2,696
Written-off against allowance
(49)
(2,681)
Foreign currency translation adjustment
(52)
(601)
At 30 April
7,865
6,608
For the year ended 30 April 2015, an impairment loss of $1,358,000 (2014: $2,696,000) was recognised
in profit or loss subsequent to a debt recovery assessment performed on trade receivables as at 30 April
2015.
