Creative 2012 Annual Report Download - page 40

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38
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
12. AMOUNTS DUE FROM (TO) SUBSIDIARIES
Company
2012 2011
US$’000 US$’000
Amounts due from subsidiaries - current
- Trade 42,665 52,783
- Non-trade 20,595 11,451
63,260 64,234
Less: Allowance for impairment (21,457) (26,810)
41,803 37,424
Amounts due from subsidiaries - non-current
- Trade 22,605 23,662
- Non-trade 225,133 213,567
247,738 237,229
Less: Allowance for impairment (48,417) (42,838)
199,321 194,391
Amounts due to subsidiaries - current
- Trade (2,887) (1,917)
- Non-trade (33,703) (27,395)
(36,590) (29,312)
Amounts due to subsidiaries - non-current
- Trade (20,342) (20,342)
- Non-trade (1,327) (807)
(21,669) (21,149)
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
2012 2011 2012 2011
US$’000 US$’000 US$’000 US$’000
Raw materials 1,794 5,281 1,727 5,464
Work-in-progress 74 556 74 556
Finished products 25,954 38,252 9,251 17,405
27,822 44,089 11,052 23,425
The cost of inventories recognised in “cost of goods sold” amounts to US$118,283,000 (2011: US$144,885,000).
NOTES TO THE FINANCIAL STATEMENTS
For the nancial year ended 30 June 2012