Creative 2011 Annual Report Download - page 38

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38
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
12. AMOUNTS DUE FROM (TO) SUBSIDIARIES
Company
2011 2010
US$’000 US$’000
Amounts due from subsidiaries - current
- Trade 52,783 47,510
- Non-trade 11,451 4,440
64,234 51,950
Less: Allowance for impairment (26,810) (23,070)
37,424 28,880
Amounts due from subsidiaries - non-current
- Trade 23,662 22,327
- Non-trade 213,567 208,533
237,229 230,860
Less: Allowance for impairment (42,838) (46,578)
194,391 184,282
Amounts due to subsidiaries - current
- Trade (1,917) (4,777)
- Non-trade (27,395) (18,461)
(29,312) (23,238)
Amounts due to subsidiaries - non-current
- Trade (20,342) (20,243)
- Non-trade (807) (801)
(21,149) (21,044)
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
2011 2010 2011 2010
US$’000 US$’000 US$’000 US$’000
Raw materials 8,879 19,239 5,464 12,888
Work-in-progress 556 166 556 122
Finished products 34,654 26,715 17,405 12,492
44,089 46,120 23,425 25,502
The cost of inventories recognised in “cost of goods sold” amounts to US$144,885,000 (2010: US$179,719,000).
NOTES TO THE FINANCIAL STATEMENTS
For the nancial year ended 30 June 2011