90
SUNNINGDALE TECH LTD
ANNUAL REPORT 2014
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
NOTES TO THE FINANCIAL STATEMENTS
20.
Trade and other receivables (cont’d)
Trade receivables denominated in foreign currencies at 31 December are as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
United States Dollar
66,587
41,261
17,013
17,443
Euro
10,012
11,678
2
–
Amounts due from subsidiaries
The non-trade amounts due from subsidiaries are unsecured, interest-free and repayable on demand.
In the previous financial year, loans to subsidiaries included an amount of $993,000 which was unsecured, repayable on
demand and bore an interest ranging from 2% to 3% per annum. These loans were fully repaid during the year. The remaining
amounts are interest-free, unsecured and repayable on demand.
All amounts with subsidiaries are to be settled in cash.
Amounts due from joint venture
The trade and non-trade amounts due from joint venture are unsecured, interest-free and repayable on demand. The loans to
joint venture are unsecured, repayable on demand and bear an interest at 6% per annum.
All amounts due from joint venture are to be settled in cash.
Receivables that are past due but not impaired
The Group and Company have trade receivables amounting to $35,427,000 (2013: $23,615,000) and $7,296,000 (2013:
$7,500,000) respectively, that are past due at end of the reporting period but not impaired. These receivables are unsecured
and the analysis of their aging at end of the reporting period is as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Trade receivables past due but not impaired:
Less than 30 days
25,228
16,364
6,023
6,230
30 to 60 days
7,211
5,487
1,145
1,043
61 to 90 days
1,796
521
9
201
91 to 150 days
388
646
63
–
More than 150 days
804
597
56
26
35,427
23,615
7,296
7,500
