81
7. Trade Receivables (cont’d)
The Group’s and Co-operative’s trade receivables that are impaired at the end of the reporting period and the
allowance accounts used to record the impairment are disclosed in Note (ii) below. Trade receivables that are
individually assessed to be impaired at the end of the reporting period relate to debtors that are in significant
financial difficulties and have defaulted on payment. These receivables are not secured by any collateral or credit
enhancements.
Notes:
(i) Aging of receivables that are past due but not impaired
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
Not past due and not impaired
3,209
7,794
4,550
7,636
Past due but not impaired
(i)
7,106
13,711
6,604
13,618
10,315
21,505
11,154
21,254
Impaired receivables - individually
assessed
(ii)
- Past due more than 36 months and
no response to repayment demands
19
262
19
262
Less: Allowance for doubtful receivables
(19)
(262)
(19)
(262)
-
-
-
-
Total trade receivables, net
10,315
21,505
11,154
21,254
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
1 to 30 days overdue
3,638
9,451
3,498
9,448
30 to 60 days overdue
2,136
2,466
2,124
2,468
> 60 days overdue
1,332
1,794
982
1,702
7,106
13,711
6,604
13,618
Notes to Financial Statements
December 31, 2014
GROUP
CO-OPERATIVE
GROUP
CO-OPERATIVE
