11. Trade and other receivables (cont’d)
Trade receivables that are past due but not impaired
The Group has trade receivables amounting to $116,905,000 (2014: $162,539,000) that
are past due at the end of the reporting period but not impaired. These receivables are
unsecured and the analysis of their ageing at the end of the reporting period is as follows:
Group
2015 2014
Trade receivables past due but not impaired:
$’000 $’000
Past due 0 to 3 months
15,426 51,050
Past due 3 to 6 months
7,113 39,354
Past due 6 to 12 months
20,537 30,153
More than 1 year
73,829 41,982
116,905 162,539
Receivables that are impaired
The Group’s trade and other receivables that are impaired at the end of the reporting period
are as follows:
Group
2015 2014
$’000 $’000
Trade and other receivables
9,209
8,997
Less: Allowance for impairment
(9,209)
(8,997)
–
–
Movements in allowance for impairment of doubtful trade and other receivables during the
financial year is as follows:
Group
2015 2014
$’000 $’000
At 1 July
8,997 24,884
Charge for the year
1,863
260
Written-back
(1,290)
(2,137)
Written-off
(339)
(14,483)
Net exchange differences
(22)
473
At 30 June
9,209
8,997
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
125
