NOTES TO FINANCIAL STATEMENTS
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
94
17. TRADE AND BILLS RECEIVABLES
Group
2015
Notes
HK$’000
HK$’000
Trade and bills receivables
(a)
414,267
360,730
Less: Impairment
(b)
(3,767)
________
410,500
_______
________
Notes:
(a)
The Group offers credit terms to certain of its customers. Trade receivables, which are non-interest-bearing, are
recognised and carried at their original invoice amounts less allowances for any uncollectible amounts. The Group
does not hold any collateral or other credit enhancements over these balances. An estimate for doubtful debts is made
when collection of the full amount is no longer probable and bad debts are written off as incurred.
(b)
The movements in the provision for impairment of trade receivables are as follows:
Group
2015
HK$’000
HK$’000
At beginning of financial year
1,829
Impairment losses recognised/(reversed)
(note 6)
2,336
Amount written off as uncollectible
(362)
Exchange realignment
(36)
19
At end of financial year
3,767
Included in the above provision for impairment of trade receivables is a provision for individually impaired trade receivables
PG ),
),
XJUI B DBSSZJOH BNPVOU CFGPSF QSPWJTJPO PG ),
),
The individually impaired trade receivables related to customers that were in financial difficulties and the full amount
of the receivables was expected to be irrecoverable and was written off as uncollectible during the year.
