Creative 2010 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2010 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

38
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
12. AMOUNTS DUE FROM (TO) SUBSIDIARIES
Company
2010 2009
US$’000 US$’000
Amounts due from subsidiaries - current
- Trade 47,510 67,805
- Non-trade 4,440 8,399
51,950 76,204
Less: Allowance for impairment (23,070) (32,825)
28,880 43,379
Amounts due from subsidiaries - non-current
- Trade 22,327 19,736
- Non-trade 208,533 203,679
230,860 223,415
Less: Allowance for impairment (46,578) (37,020)
184,282 186,395
Amounts due to subsidiaries - current
- Trade (4,777) (6,665)
- Non-trade (18,461) (10,509)
(23,238) (17,174)
Amounts due to subsidiaries - non-current
- Trade (20,243) (19,652)
- Non-trade (801) (874)
(21,044) (20,526)
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 xed
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.
13. INVENTORIES
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
Raw materials 19,239 13,486 12,888 9,808
Work-in-progress 166 273 122 264
Finished products 26,715 23,841 12,492 8,032
46,120 37,600 25,502 18,104
The cost of inventories recognised in “cost of goods sold” amounts to US$179,719,000 (2009: US$323,758,000).
notes to tHe fInAncIAl stAteMents
– For the nancial year ended 30 June 2010