Creative 2015 Annual Report Download - page 46

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46
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
(a) Warranty
The warranty period for the bulk of the products typically ranges between 1 to 2 years. The product warranty provision
reects management’s best estimate of probable liability under its product warranties. Management determines the warranty
provision based on known product failures (if any), historical experience, and other currently available evidence.
Movements in provision for warranty are as follows:
Group Company
2015 2014 2015 2014
US$’000 US$’000 US$’000 US$’000
Beginning of nancial year 976 1,253 975 1,252
Provision wrien back (13) (62) (13) (62)
Provision ulised (170) (215) (170) (215)
End of nancial year 793 976 792 975
(b) Restructuring
Movements in provision for restructuring are as follows:
Group Company
2015 2014 2015 2014
US$’000 US$’000 US$’000 US$’000
Beginning of nancial year 1,343 1,474 281 281
Provision ulised – (125) – –
Provision wrien back – (6) – –
End of nancial year 1,343 1,343 281 281
NOTES TO THE FINANCIAL STATEMENTS
For the nancial year ended 30 June 2015
22. ACCRUED LIABILITIES AND PROVISIONS (cont’d)