Annual Report 2012 - singapore land limited

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88 Singapore Land Limited - Annual Report 2012 NOTES TO THE FINANCIAL STATEMENTS For the fi nancial year ended 31 December 2012 28. FINANCIAL RISK MANAGEMENT (continued) (b) Credit risk (continued) (ii) Financial assets that are past due and/or impaired (continued) The carrying amount of trade receivables individually determined to be impaired and the movement in the related allowance for impairment are as follows: The Group 2012 2011 $’000 $’000 Beginning of fi nancial year 1,298 887 Allowance made 48 782 Allowance utilised (17) (188) Allowance written-back (352) (183) End of fi nancial year 977 1,298 Trade receivables that are individually determined to be impaired at the statement of fi nancial position date relate to debtors that are in signifi cant fi nancial diffi culties and have defaulted on payments despite attempts to recover the debts owing through legal means where appropriate. These receivables are not secured by any collateral or credit enhancements. (c) Liquidity risk The table below analyses the Group’s and the Company’s fi nancial liabilities into relevant maturity groupings based on the remaining period from the statement of fi nancial position date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash fl ows. Balances due within 12 months equal their carrying amounts as the impact of discounting is not signifi cant.
Singapore Land Limited - Annual Report 2012 89 NOTES TO THE FINANCIAL STATEMENTS For the fi nancial year ended 31 December 2012 28. FINANCIAL RISK MANAGEMENT (continued) (c) Liquidity risk (continued) The Group Between Between Less than 1 and 3 3 and 5 Over 5 1 year years years years $’000 $’000 $’000 $’000 At 31 December 2012 Trade and other payables (105,092) (38,371) (4,924) - Borrowings (215,546) (90,854) (105,402) - (320,638) (129,225) (110,326) - At 31 December 2011 Trade and other payables (105,716) (40,996) (4,707) - Borrowings (237,258) (930) (30,695) - (342,974) (41,926) (35,402) - The Company At 31 December 2012 Trade and other payables (1,070) (225,976) - - Borrowings (135,440) - - - (136,510) (225,976) - - At 31 December 2011 Trade and other payables (1,052) (66,145) - - Borrowings (180,070) - - - (181,122) (66,145) - - The Group’s and the Company’s policy on liquidity risk management is to maintain suffi cient cash to enable them to meet their normal operating commitments and the availability of funding through adequate amounts of credit facilities with various banks. At the statement of fi nancial position date, assets held by the Group and the Company for managing liquidity risk included cash and short-term deposits as disclosed in note 18.
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Page 89: Singapore Land Limited - Annual Rep
Page 109 and 110: SINGAPORE LAND LIMITED Company Regi
Page 111: Incorporated in the Republic of Sin
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