Annual Report 2012 - Dialog

104 l Dialog Axiata PLC l Annual Report 2012
Notes to the Financial Statements
14 Trade and other receivables contd.
(d) The movement of the provision for impairment of trade receivables are as follows:
Group Company
2012 2011 1 Jan 2011 2012 2011 1 Jan 2011
At 1 January 1,285,654 1,155,106 2,072,535 1,008,376 914,204 1,552,827
Provision for receivables impairment 1,443,852 808,993 853,937 306,472 591,549 603,415
Receivables written off during the
year as uncollectable Nil (413,367) (1,493,124) Nil (233,054) (985,231)
Unused amount reversed (139,454) (265,078) (278,242) (21,355) (264,323) (256,807)
2,590,052 1,285,654 1,155,106 1,293,493 1,008,376 914,204
(e) The carrying amounts of trade and other receivables are denominated in following currencies:
Group Company
2012 2011 1 Jan 2011 2012 2011 1 Jan 2011
Sri Lankan rupees 4,401,013 3,130,557 3,622,098 3,015,966 2,399,515 2,863,589
United States dollars 2,773,871 2,784,079 1,851,076 2,769,854 2,784,078 1,851,075
15 Inventories
7,174,884 5,914,636 5,473,174 5,785,820 5,183,593 4,714,664
Group Company
2012 2011 1 Jan 2011 2012 2011 1 Jan 2011
Phone stock 115,650 128,945 117,978 115,650 128,945 117,978
Accessories and consumables 443,217 460,269 256,926 365,189 411,717 248,421
Goods in transit 2,899 15,638 19,703 2,899 15,638 19,703
Provision for slow moving inventory (277,718) (195,695) (123,423) (270,560) (160,785) (119,943)
284,048 409,157 271,184 213,178 395,515 266,159
The cost of inventories recognised as an expense and included in ‘cost of sales’ under direct costs by the Company and the
Group amounted to Rs. 757,450,441 (2011 - Rs. 679,101,713) and Rs. 767,366,879 (2011 - Rs. 682,970,403) respectively.