NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
17. Trade receivables
Trade receivables
Trade receivables are non-interest bearing and are generally on 14-56 days’ credit terms. They are recognised at their original
invoice amounts which represent their fair values on initial recognition.
Receivables that are past due but not impaired
The Group has trade receivables amounting to S$32,000 (2013: S$176,000) that are past due at the end of the reporting period
but not impaired. These receivables are unsecured and the analysis of their ageing at the end of the reporting period is as follows:
18. Other receivables
Amount due from a subsidiary company is non-trade related, non-interest bearing, unsecured, repayable on demand and is to
be settled in cash. The amount relates to payroll costs of staff seconded to the subsidiary company.
Group
2014
2013
(Restated)
S$’000
S$’000
Trade receivables
45,029
18,065
Group
2014
2013
(Restated)
S$’000
S$’000
Trade receivables past due but not impaired:
Lesser than 30 days
5
–
30 to 60 days
8
163
60 to 90 days
3
1
More than 90 days
16
12
32
176
Group
Company
2014
2013
2014
2013
S$’000
S$’000
S$’000
S$’000
Other debtors
909
366
–
–
Dividend receivable from a subsidiary company
–
–
37,800
10,080
Amount due from a subsidiary company
–
–
3,308
139
909
366
41,108
10,219
Hock Lian Seng Holdings Limited
Annual report 2014
77
