Creative 2009 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2009 Creative annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

35
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
11. TRADE RECEIVABLES
฀Group฀ Company
฀ ฀ 2009฀ 2008฀ 2009฀ 2008฀
฀ US$’000฀ US$’000฀ US$’000฀ US$’000
฀ Trade฀receivables
฀ ฀ -฀Associated฀companies฀฀ 454฀ 1,462฀ 318฀ 644
฀ ฀ -฀Non-related฀parties฀ 53,861฀ 95,813฀ 9,967฀ 13,804
฀ ฀ 54,315฀ 97,275฀ 10,285฀ 14,448
฀ Less:฀Allowance฀for฀sales฀returns฀and฀฀
฀ impairment฀of฀receivables฀-฀non-related฀parties฀ (11,950)฀ (14,721)฀ (4,268)฀ (3,796)
฀ Trade฀receivables฀-฀net฀ 42,365฀ 82,554฀ 6,017฀ 10,652
฀
12. AMOUNTS DUE FROM (TO) SUBSIDIARIES
฀ Company
฀ ฀ 2009฀ 2008฀
฀ US$’000฀ US$’000
฀ Amounts฀due฀from฀subsidiaries฀-฀current฀ ฀
฀ -฀Trade฀ 67,805฀ 75,956
฀ -฀Non-trade฀ 8,399฀ 23,789
฀ ฀ 76,204฀ 99,745
฀ Less:฀Allowance฀for฀impairment฀ (32,825)฀ (49,832)
฀ ฀ 43,379฀ 49,913
฀ Amounts฀due฀from฀subsidiaries฀-฀non-current
฀ -฀Trade฀ 19,736฀ 18,617
฀ -฀Non-trade฀ 203,679฀ 187,003
฀ ฀ 223,415฀ 205,620
฀ Less:฀Allowance฀for฀impairment฀ (37,020)฀ (20,013)
฀ ฀ 186,395฀ 185,607
฀ Amounts฀due฀to฀subsidiaries฀-฀current
฀ -฀Trade฀ 6,665฀ 18,681
฀ -฀Non-trade฀ 10,509฀ 3,082
฀ ฀ 17,174฀ 21,763
฀ Amounts฀due฀to฀subsidiaries฀-฀non-current฀ ฀
฀ -฀Trade฀ 19,652฀ 1,264
฀ -฀Non-trade฀ 874฀ 1,209
฀ ฀ 20,526฀ 2,473
The non-trade amounts due from and due to subsidiaries are interest-free and unsecured.
The current portions of non-trade amounts due from and due to subsidiaries are repayable on demand. There are no fixed
repayment terms for the non-current portions of non-trade amounts due from and due to subsidiaries.
Management has assessed the fair values of the non-current amounts due from and due to subsidiaries and concluded that
the fair values at balance sheet date approximate carrying values.
AR09 pg1-64_Final.indd 35 10/2/2009 10:38:08 AM