Lenovo 2009 Annual Report Download - page 129
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2008/09 Annual Report Lenovo Group Limited
127
25 Receivables (continued)
(a) (continued)
At March 31, 2009, trade receivables of US$160,209,000 (2008: US$86,302,000) were impaired and provided for. It
was assessed that a proportion of the receivables is expected to be recovered and the amount of the provision was
US$29,755,000 as at March 31, 2009 (2008: US$13,885,000). The ageing of these receivables is as follows:
Group
2009 2008
US$’000 US$’000
31-60 days 63,467 32,240
61-90 days 20,727 21,729
Over 90 days 76,015 32,333
160,209 86,302
Movements on the provision for impairment of trade receivables are as follows:
Group
2009 2008
US$’000 US$’000
At the beginning of the year 13,885 23,939
Exchange adjustment 168 –
Provisions made 24,631 –
Receivables written off during the year as uncollectible (7,400) (8,167)
Unused amounts reversed (1,529) (597)
Disposal of discontinued operations – (1,290)
At the end of the year 29,755 13,885
(b) Notes receivable of the Group are bank accepted notes mainly with maturity dates of within six months.
(c) Details of deposits, prepayments and other receivables are as follows:
Group Company
2009 2008 2009 2008
US$’000 US$’000 US$’000 US$’000
Deposits 3,466 2,640 212 153
Prepayments 197,050 182,534 67 5,588
Other receivables 413,310 582,094 317 938
613,826 767,268 596 6,679