Hock Lian Seng Holdings Limited - Annual Report 2015 - page 74

Notes to the Financial Statements
31 December 2015
17. Trade receivables (cont’d)
Receivables that are impaired
The Group’s trade receivables that are impaired at the end of reporting period and the movement of the
allowance account used to record the impairment is as follows:
Trade receivables that are individually determined to be impaired at the end of reporting period relate to debtors
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any collateral or credit enhancements.
At end of the reporting period, the Group has provided an allowance of S$34,000 (2014: S$Nil) for impairment of
an amount due from an external trade debtor relating to a backcharge as the debtor has defaulted on payments.
18. Other receivables
Amounts due from subsidiaries are non-trade related, non-interest bearing, unsecured, repayable on demand
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to subsidiaries.
Loans due from subsidiaries are unsecured, bear interests ranging from 0.68% to 1.31% (2014: Nil%) per annum,
repayable on demand and are to be settled in cash.
Group
Individually impaired
2015 2014
S$’000 S$’000
Trade debtors - nominal amounts 34 ȫ
Less: Allowance for impairment (34) ȫ
– –
Movement in allowance account:
Charge for the year and at 31 December 34 ȫ
Group Company
2015 2014 2015 2014
S$’000 S$’000 S$’000 S$’000
Other debtors 764 909 – –
Dividend receivable from a subsidiary – – ȫ 37,800
Amounts due from subsidiaries – – 2,389 3,308
Loans due from subsidiaries ȫ ȫ 9,050 ȫ
764 909 11,439 41,108
HOCK LIAN SENG HOLDINGS LIMITED 72