NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
110
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
18.
TRADE AND OTHER RECEIVABLES (cont’d)
Receivables that are past due but not impaired
The Group has trade receivables amounting to $2,916,000 (2014: $2,647,000) that are past due at the
end of the reporting period but not impaired. These receivables are unsecured and the analysis of their
aging at the end of the reporting period is as follows:
Group
2015
2014
$’000
$’000
Trade receivables past due but not impaired:
Less than 30 days
1,610
1,725
31 – 60 days
950
627
61 – 90 days
178
155
More than 90 days
178
140
2,916
2,647
Receivables that are impaired
The Group’s trade receivables that are impaired at the end of the reporting period and the movement of
the allowance accounts used to record the impairment are as follows:
Group
Individually impaired
2015
2014
$’000
$’000
Trade receivables – nominal amounts
258
26
Less: Allowance for impairment
(258)
(26)
–
–
Movements in allowance account:
At 1 June
26
28
Allowance made (Note 8)
237
5
Written off
(5)
(7)
At 31 May
258
26
Trade receivables that are individually determined to be impaired at the end of the reporting period relate
to debtors that are in significant financial difficulties and have defaulted on payments. These receivables
are not secured by any collateral or credit enhancements.
