93
GROUP
CO-OPERATIVE
GROUP
CO-OPERATIVE
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
7. TRADE RECEIVABLES (cont’d)
Notes:
(i) Ageing of receivables that are past due but not impaired
(ii) These amounts are stated before the allowance for doubtful receivables.
The following is an analysis of allowance for doubtful receivables:
2013
2012
2013
2012
$’000
$’000
$’000
$’000
0 to 30 days
7,341
4,749
7,333
4,731
30 to 60 days
2,584
1,419
2,570
1,418
> 60 days
2,330
1,542
2,330
1,541
12,255
7,710
12,233
7,690
2013
2012
2013
2012
$’000
$’000
$’000
$’000
At beginning of the year
65
53
65
53
Allowance made during the year
315
46
315
46
Amount written off during the year
(65)
(19)
(65)
(19)
Allowance written back during the year
-
(15)
-
(15)
At end of the year
315
65
315
65
Trade receivables are all denominated in Singapore dollar.
8. INVENTORIES
Inventories consist principally of goods for resale which are stated at the lower of cost and net realisable value.
During the year, stock write off amounting to $15,475,000 (2012 : $13,550,000) and $14,065,000 (2012 : $12,648,000)
was recognised in profit or loss of the Group and Co-operative respectively.
