Lenovo 2012 Annual Report Download - page 156
Download and view the complete annual report
Please find page 156 of the 2012 Lenovo 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.-
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
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
 |
 |
2011/12 Annual Report Lenovo Group Limited
154
NOTES TO THE FINANCIAL STATEMENTS
24 Receivables
(a) Customers are generally granted credit term ranging from 0 to 120 days. Ageing analysis of trade receivables of the
Group at the balance sheet date, based on invoice date, is as follows:
Group
2012 2011
US$’000 US$’000
0 – 30 days 1,504,488 941,811
31 – 60 days 642,754 251,698
61 – 90 days 112,871 92,817
Over 90 days 124,193 103,679
2,384,306 1,390,005
Less: provision for impairment (29,397) (21,081)
Trade receivables – net 2,354,909 1,368,924
Trade receivables that are not past due are fully performing and not considered impaired.
At March 31, 2012, trade receivables, net of impairment, of US$282,766,000 (2011: US$213,710,000) were past due.
The ageing of these receivables, based on due date, is as follows:
Group
2012 2011
US$’000 US$’000
Within 30 days 232,556 141,819
31 – 60 days 23,741 16,809
61 – 90 days 7,634 28,901
Over 90 days 18,835 26,181
282,766 213,710
Movements on the provision for impairment of trade receivables are as follows:
Group
2012 2011
US$’000 US$’000
At beginning of the year 21,081 17,319
Exchange adjustment (165) (45)
Provisions made 24,163 10,076
Uncollectible receivables written off (12,076) (4,343)
Unused amounts reversed (3,606) (1,926)
At the end of the year 29,397 21,081
(b) Notes receivable of the Group are bank accepted notes mainly with maturity dates of within six months.