NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
87
CITIC ENVIROTECH LTD.
Annual
Report
2015
7 TRADE RECEIVABLES (cont’d)
Group
December
31,
March
31,
2015
2015
$’000
$’000
Presentation on the Statements of Financial Position:
Current
218,323 212,686
Non-current
4,687
11,677
Total
223,010 224,363
The average credit period on sales of goods and rendering of services are 180 days (March 31, 2015
: 180 days). No interest is charged on the overdue trade receivables.
The Group’s non-current trade receivables amounting to $4,687,000 (March 31, 2015 : $11,677,000)
are due within 3 years (March 31, 2015 : 4 years).
The table below is an analysis of trade receivables as at December 31:
Group
December
31,
March
31,
2015
2015
$’000
$’000
Not past due and not impaired
131,878 168,526
Past due but not impaired (i)
91,132 55,837
Total
223,010 224,363
Impaired receivables - collectively assessed (ii)
24
24
Less: Allowance for impairment
(24)
(24)
Net
–
–
Total trade receivables, net
223,010 224,363
(i)
Aging of receivables that are past due but not impaired:
< 6 months
45,747
39,344
> 6 months to 18 months
29,450
2,830
> 18 months to 30 months
12,621
12,691
> 30 months
3,314
972
Total
91,132 55,837
