NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
35. Financial risk management objectives and policies (cont’d)
(b) Credit risk (cont’d)
Credit risk concentration profile
The Group determines concentrations of credit risk by monitoring the country and industry sector profile of its trade
receivables on an on-going basis. The credit risk concentration profile of the Group’s trade receivables at the end of the
reporting period is as follows:
At the end of the reporting period, approximately:
– 15.2% (2013: 60.3%) of the Group’s trade receivables were due from the government authorities or government
linked entities who are located in Singapore.
– None of the Group’s trade receivables were due from related parties.
Group
2014
2013
(Restated)
S$’000
% of total
S$’000
% of total
By country:
Singapore
45,029
100.0
18,065
100.0
By industry sector:
Civil engineering
6,862
15.2
10,889
60.3
Properties development
38,109
84.6
7,111
39.4
Properties investment
58
0.2
65
0.3
45,029
100.0
18,065
100.0
Hock Lian Seng Holdings Limited
Annual report 2014
88
