Notestothefinancialstatements
For the financial year ended31December 2015
17.
Tradeandother receivables (cont’d)
Receivables that are impaired
TheGroup’s trade receivables that are individually impaired at the end of the reporting period and themovement of the allowance account used to record the
impairment isas follows:
Group
2015
$’000
Trade receivables–nominal amounts
35
Less: Allowance for impairment
(35)
–
Movement inallowanceaccount:
Charge for the year andat 31December
35
18.
Amountsdue from/(to) subsidiaries
Company
2015
2014
$’000
$’000
Amount due from:
Non-trade receivables
67,166
6,011
Amount due to:
Non-tradepayables
38,696
–
Theamountsdue from/(to) subsidiariesareunsecured, non-interest bearingandare repayableondemand.
19.
Cashandshort-termdeposits
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Cashat banksand inhand
50,517
118,554
38,712
86,439
Short-termdeposits
89,553
50,131
89,553
50,131
140,070
168,685
128,265
136,570
Cashat banksearns interest at floating ratesbasedondailybankdeposit rates. Short-termdepositsaremade for varyingperiodsof betweenoneweek to three
monthsdependingon the immediate cash requirementsof theGroupandCompany, andearn interestsat the respective short-termdeposit rates ranging from
0.30% to0.99% (2014: from0.22% to1.00%) per annum.
Cashand short-termdepositsdenominated in foreign currenciesat 31December areas follows:
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
UnitedStatesDollar
45,851
63,563
37,076
40,397
Euro
451
1,994
48
445
116
117
BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
