Sustainability and Governance Report
[Notes
to the FINANCIAL STATEMENTS
Notes to the
12. Trade receivables
Current
Trade receivables - external parties
Less: Allowance for impairment loss
Trade receivables - related parties
Less: Allowance for impairment loss
Trade receivables (current)
Non-current
-
Trade receivables related parties
Less: Allowance for impairment loss
Trade receivables (non-current)
Group
Company
2020
2019
2020
$'000
$'000
$'000
2019
$'000
2,302
3,249
(16)
(16)
2,286
3,233
203
745
(8)
2,481
3,978
625
67
649
(2)
65
649
588
754
(50)
538
754
128
128
Trade receivables due from third parties are non-interest bearing and are generally on 30 to 90 days' terms. They are recognised at their original invoice amounts which
represent their fair values on initial recognition.
Trade receivables due from related parties are unsecured, non-interest bearing and are expected to be settled in cash. The current portion is repayable in monthly instalments
in 2021 and the non-current portion is repayable in monthly instalments with final repayment in 2024. Certain directors of the Company who are also directors of the related
parties have agreed to provide continuing financial support to these related parties to enable them to meet their financial obligations as and when they fall due.
Receivables that are past due but not impaired
The Group has the following trade receivables 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:
Trade receivables past due but not impaired:
Less than 30 days
30 to 60 days
61 to 90 days
91 to 120 days
More than 120 days
73
73
Group
Company
2020
2019
2020
2019
$'000
$'000
$'000
$'000
1,005
1,494
1,247
1,734
737
1,504
65
777
2,989
4,732
65
777View entire presentation