Annual Report 2012 - singapore land limited

Singapore Land Limited - Annual Report 2012
87
NOTES TO THE FINANCIAL STATEMENTS
For the fi nancial year ended 31 December 2012
28. FINANCIAL RISK MANAGEMENT (continued)
(b)
Credit risk (continued)
The Group’s and the Company’s other non-current receivables comprise amounts due from associated
companies and joint ventures and amounts due from subsidiary and associated companies respectively. These
receivables are assessed for their recoverability and any recognition/writeback of allowance for impairment are
made where necessary. Information regarding these receivables is disclosed in note 11.
The credit risk profi le of the Group’s trade receivables and accrued receivables at the statement of fi nancial
position date is as follows:
The Group
2012 2011
$’000 $’000
By segment of business
Property investment 6,358 4,574
Property trading 49,751 5,773
Hotel operations 9,581 5,579
65,690 15,926
(i)
Financial assets that are neither past due nor impaired
Bank deposits that are neither past due nor impaired are mainly deposits with banks with high creditratings
assigned by international credit-rating agencies. Trade receivables that are neither past due nor
impaired are substantially companies with a good collection track record with the Group.
(ii)
Financial assets that are past due and/or impaired
There is no other significant class of financial assets that is past due and/or impaired except for
trade receivables.
The age analysis of trade receivables past due but not impaired is as follows:
The Group
2012 2011
$’000 $’000
Past due 0 to 1 month 3,214 2,059
Past due 1 to 2 months 1,258 906
Past due 2 to 3 months 293 143
Past due over 3 months 1,311 410
6,076 3,518