BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
118
Notes to the
Financial Statements
for the financial year ended 31December 2013
19. Tradeandotherreceivables (cont’d)
Receivables that are past due but not impaired
TheGrouphas trade receivables amounting to$8,427,966 (2012: $6,299,351) that are past due at the endof the reportingperiod
but not impaired. These receivables are unsecured and the analysis of their aging at the end of the reporting period is as follows :
Group
2013
2012
$
$
Trade receivables past due but not impaired :
Lesser than 30 days
1,524,058 3,880,436
30 to60 days
3,914,476 1,122,400
61 to 90 days
2,813,783
24,568
More than90days
175,649 1,271,947
8,427,966 6,299,351
Of the trade receivablesof $175,649 (2012: $1,271,947)whichwaspast due formore than90days, $Nil (2012: $1,037,000) relates
to retention sums on construction contracts.
20. Amountsdue fromsubsidiaries
Group
Company
2013
2012
2013
2012
$
$
$
$
Dividend receivable
–
– 5,000,000
–
Non-trade receivables
–
–
478,265 2,700,000
–
– 5,478,265 2,700,000
The amounts due from subsidiaries are non-trade, unsecured, non-interest bearing and are repayable on demand.
