annual report 2014
I
Notes to the Financial Statements
31 December 2014 (Cont’d)
85
11. TRADE AND OTHER RECEIVABLES
Group
Company
2014
2013
2014
2013
RMB’000
RMB’000
RMB’000
RMB’000
Trade receivables
Third parties
138,514
207,164
–
–
Other receivables
Amount owing by a subsidiary
–
–
162,054
159,969
Loans and receivables
138,514
207,164
162,054
159,969
(a)
Trade receivables are non-interest bearing and the normal trade credit terms granted by the Group is ninety
(90) days (2013: ninety (90) days). They are recognised at their original invoice amounts which represent their
fair values on initial recognition.
(b)
Amount owing by a subsidiary is unsecured, interest-free and payable upon demand in cash and cash
equivalents.
(c)
The currency exposure profiles of receivables are as follows:
Group
Company
2014
2013
2014
2013
RMB’000
RMB’000
RMB’000
RMB’000
Renminbi
138,514
207,164
–
–
Ringgit Malaysia
–
–
162,054
159,969
138,514
207,164
162,054
159,969
(d)
The ageing analysis of trade receivables of the Group are as follows:
Group
2014
2013
RMB’000
RMB’000
Neither past due nor impaired
138,514
207,164
Receivables that are neither past due nor impaired
Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment records
with the Group.
None of the trade receivables of the Group that are neither past due nor impaired have been renegotiated
during the financial year.
