82
7. Trade Receivables (cont’d)
(ii) The following is an analysis of allowance for doubtful receivables:
Trade receivables are 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, inventories written off amounting to $15,782,000 (December 31, 2013: $11,767,000) and $14,253,000
(December 31, 2013: $10,766,000) was recognised in profit or loss of the Group and Co-operative respectively.
9. Other Receivables
The Group and the Co-operative’s other receivables are interest-free and repayable on demand and the average age of
these receivables is less than 30 days. The Group and the Co-operative have not recognised any allowance for doubtful
receivables as the management is of the view that these receivables are recoverable.
Other receivables are denominated in Singapore dollar.
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
At beginning of the year/ period
262
315
262
315
Allowance made during the year/ period
12
7
12
7
Amount written off during the year/ period
(255)
(45)
(255)
(45)
Allowance written back during the
year/ period
-
(15)
-
(15)
At end of the year/ period
19
262
19
262
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
Deposits
18,938
16,547
15,887
13,703
Prepayments
11,505
9,963
11,117
9,619
Interest receivables
2,277
3,001
2,277
3,001
Link card/phone card sales
4,566
4,247
4,566
4,247
Other receivables
Outside parties
5,639
3,994
5,507
3,969
Subsidiary (Note 10)
-
-
561
3,419
Total
42,925
37,752
39,915
37,958
Notes to Financial Statements
December 31, 2014
GROUP
CO-OPERATIVE
GROUP
CO-OPERATIVE
