NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
20 TRADE AND OTHER RECEIVABLES (CONT’D)
The aged analysis of trade and other receivables is as follows (cont’d):
Company
2014
2013
$’000
$’000
Gross
Impairment
losses
Net
Gross
Impairment
losses
Net
• Not past due
558,343
(284)
558,059
586,121
(406)
585,715
• Past due:
Less than 30 days
3
–
3
–
–
–
30 to 60 days
16
–
16
4
–
4
61 to 90 days
1
–
1
–
–
–
91 to 120 days
–
–
–
1
–
1
More than 120 days
–
–
–
–
–
–
20
–
20
5
–
5
Total
558,363
(284)
558,079
586,126
(406)
585,720
Trade receivables that are individually determined to be impaired at the end of the reporting period relate to debtors that
are in significant financial difficulties and have defaulted on payments.
Trade and other receivables that are impaired at the reporting date and the movement of allowance accounts used to
record the impairment are as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Trade and other receivables – nominal amounts
10,979
19,071
672
803
Less: Allowance for impairment
(8,721)
(15,764)
(284)
(406)
2,258
3,307
388
397
118
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
