. 116
NOTESTOTHE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
BAKER
TECHNOLOGY
L IMI TED
THE BE ST
I N US
17.
TRADEANDOTHERRECEIVABLES (CONT’D)
TheGroup’s trade receivables denominated in foreigncurrencies at 31December are as follows:
Group
Company
2017
2016
2017
2016
$’000
$’000
$’000
$’000
United StatesDollar
1,702
4,132
–
832
Receivables that arepast duebut not impaired
TheGrouphas trade receivables amounting to $448,000 (2016: $2,952,000) that are past due at the endof
the reportingperiodbut not impaired. These receivables areunsecuredand theanalysisof their agingat the
endof the reportingperiod is as follows:
Group
2017
2016
$’000
$’000
Trade receivables past duebut not impaired:
Lesser than30days
142
643
30 to60days
72
1,238
61 to90days
31
1,003
More than90days
203
68
448
2,952
Receivables that are impaired
The Group’s trade receivables that are individually impaired at the end of the reporting period and the
movement of the allowance account used to record the impairment is as follows:
Group
2017
2016
$’000
$’000
Trade receivables–nominal amounts
63
63
Less: Allowance for impairment
(63)
(63)
–
–
Movement in allowance account:
At 1 January
63
35
Charge for the year
–
63
Writtenoff
–
(35)
At 31December
63
63
