Q1 Financial Report - 2011

Ag Growth International Inc.
NOTES TO UNAUDITED INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
[in thousands of Canadian dollars, except where otherwise noted and per share data]
March 31, 2011
17. ACCOUNTS RECEIVABLE
As is typical in the agriculture sector, Ag Growth may offer extended terms on its accounts
receivable to match the cash flow cycle of its customer. The following table sets forth details of
the age of trade accounts receivable that are not overdue as well as an analysis of overdue amounts
and the related allowance for doubtful accounts:
March 31, December 31, January 1,
2011 2010 2010
$ $ $
Total accounts receivable 44,427 39,019 25,571
Less allowance for doubtful accounts 483 484 499
Total accounts receivable, net 43,944 38,535 25,072
Of which
Neither impaired nor past due 30,904 17,661 17,552
Not impaired and past the due date as follows:
Within 30 days 6,102 7,231 3,457
31 to 60 days 941 7,044 927
61 to 90 days 190 3,295 795
Over 90 days 6,290 3,788 2,840
Less allowance for doubtful accounts (483) (484) (499)
Total accounts receivable, net 43,944 38,535 25,072
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