NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
28.
FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS (CONT’D)
28D.
Credit risk on financial assets (cont’d)
Note 19 discloses the maturity of the cash and cash equivalents balances.
Other receivables are normally with no fixed terms and therefore there is no maturity.
As part of the process of setting customer credit limits, different credit terms are used. The average credit period
granted to trade receivables customers is about 30 (2014: 30) days.
Ageing analysis of the trade receivable amounts that are past due as at the end of reporting year but not impaired:
Group
2015
2014
$’000
$’000
Trade receivables:
Less than 30 days
1,143
410
31 to 60 days
620
191
Over 61 days
3,541
1,485
At end of year
5,304
2,086
The allowance totalling $2,917,000 (2014: $310,000) is based on individual accounts that are determined to be
impaired at the reporting year end date. These are not secured.
There is no concentration of credit risk with respect to trade receivables, as there are a large number of tenants.
Revenue from the Group’s top customer amounted to $15,833,000 (2014: $15,995,000) of the Group’s total
revenue.
LIPPO MALLS INDONESIA RETAIL TRUST
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