Creative 2014 Annual Report Download - page 38

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38
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
12. AMOUNTS DUE FROM (TO) SUBSIDIARIES
Company
2014 2013
US$’000 US$’000
Amounts due from subsidiaries - current
- Trade 35,463 35,710
- Non-trade 25,909 25,948
61,372 61,658
Less: Allowance for impairment (16,857) (18,857)
44,515 42,801
Amounts due from subsidiaries - non-current
- Trade 22,603 22,603
- Non-trade 170,834 174,471
193,437 197,074
Less: Allowance for impairment (50,415) (50,415)
143,022 146,659
Amounts due to subsidiaries - current
- Trade (3,711) (4,010)
- Non-trade (5,428) (6,930)
(9,139) (10,940)
Amounts due to subsidiaries - non-current
- Trade (20,367) (20,367)
- Non-trade (1,379) (806)
(21,746) (21,173)
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 is 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
2014 2013 2014 2013
US$’000 US$’000 US$’000 US$’000
Raw materials 3,005 2,465 2,996 2,355
Finished products 25,917 22,888 12,006 9,014
28,922 25,353 15,002 11,369
The cost of inventories recognised in “cost of goods sold” amounts to US$84,327,000 (2013: US$88,094,000).
NOTES TO THE FINANCIAL STATEMENTS
For the nancial year ended 30 June 2014