Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
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Singapore Land Limited - <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />
NOTES TO THE FINANCIAL STATEMENTS<br />
For the fi nancial year ended 31 December <strong>2012</strong><br />
28. FINANCIAL RISK MANAGEMENT (continued)<br />
(b)<br />
Credit risk (continued)<br />
(ii)<br />
Financial assets that are past due and/or impaired (continued)<br />
The carrying amount of trade receivables individually determined to be impaired and the movement in the<br />
related allowance for impairment are as follows:<br />
The Group<br />
<strong>2012</strong> 2011<br />
$’000 $’000<br />
Beginning of fi nancial year 1,298 887<br />
Allowance made 48 782<br />
Allowance utilised (17) (188)<br />
Allowance written-back (352) (183)<br />
End of fi nancial year 977 1,298<br />
Trade receivables that are individually determined to be impaired at the statement of fi nancial position<br />
date relate to debtors that are in signifi cant fi nancial diffi culties and have defaulted on payments despite<br />
attempts to recover the debts owing through legal means where appropriate. These receivables are not<br />
secured by any collateral or credit enhancements.<br />
(c) Liquidity risk<br />
The table below analyses the Group’s and the Company’s fi nancial liabilities into relevant maturity groupings<br />
based on the remaining period from the statement of fi nancial position date to the contractual maturity date.<br />
The amounts disclosed in the table are the contractual undiscounted cash fl ows. Balances due within 12<br />
months equal their carrying amounts as the impact of discounting is not signifi cant.
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