240
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
26 FINANCIAL INSTRUMENTS
(continued)
Credit risk
(continued)
Exposure to credit risk
The maximum exposure to credit risk for trade and other receivables
(1)
at the reporting date by geographical region and
type of counterparty was:
Group
Company
31/12/2015
30/6/2014 31/12/2015
30/6/2014
$’000
$’000
$’000
$’000
By geographical areas
Singapore
50,525
3,267
52,474
1,303
PRC
51,218
–
–
–
Others
5,008
–
–
–
106,751
3,267
52,474
1,303
By type of counterparty
Related parties
76,549
502
48,993
1,303
Non-related parties
30,202
2,765
3,481
–
106,751
3,267
52,474
1,303
(1)
Excludes prepayments
As at 31 December 2015, the Group’s most significant counterparty, an associate of the Group, accounts for $37.2 million
of trade and other receivables carrying amount. Other than balances with related parties, there is no concentration of
customer risk at the Company level.
Impairment
The ageing of trade receivables that were not impaired at the reporting date was:
Group
Company
31/12/2015
30/6/2014 31/12/2015
30/6/2014
$’000
$’000
$’000
$’000
Neither past due nor impaired
9,200
123
2,964
–
Past due 1 – 30 days
350
–
–
–
Past due 31 – 60 days
410
–
–
–
Past due over 60 days
652
–
–
–
10,612
123
2,964
–
Trade and other receivables that are neither past due nor impaired are mainly related to companies with a good payment
track record with the Group.
The Group and the Company believe that the unimpaired amounts that are past due are still collectible based on historical
payment behaviour.
