ASCENDAS india trust ANNUAL REPORT 2014/15
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
For the financial year ended 31 March 2015
14.
Trade and other receivables
Group
Trust
2015
2014
2015
2014
$'000
$'000
$'000
$'000
Trade receivables
9,015
7,915
–
–
Less: Allowance for impairment of receivables
(3,230)
(2,358)
–
–
Trade receivables – net
5,785
5,557
–
–
Other receivables
Advances recoverable from regulatory authorities
2,585
2,562
–
–
Less: Allowance for impairment of receivables
(2,585)
(2,562)
–
–
Other receivables – net
–
–
–
–
Amounts owing from subsidiaries
–
–
13,874
4,866
Non-related parties
– Advances to suppliers
2,125
2,179
–
–
– Interest receivable
10,769
8,243
–
–
– Service input tax recoverable
3,877
3,298
–
–
– Others
242
1,047
88
25
22,798
20,324
13,962
4,891
Amounts owing from subsidiaries are unsecured, interest-free and repayable on demand.
The carrying amounts of trade and other receivables approximate their fair values.
The exposure of trade and other receivables to currency risks is disclosed in Note 27.
Allowance for doubtful receivables of $693,000 (2014: $132,000) and a write-back of allowance for doubtful advances
recoverable from regulatory authorities of $125,000 (allowance made in 2014: $244,000) were included in “Other property
operating expenses”.
