Creative 2015 Annual Report Download - page 38

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38
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
For the nancial year ended 30 June 2015
13. AMOUNTS DUE FROM (TO) SUBSIDIARIES
Company
2015
2014
US$’000 US$’000
Amounts due from subsidiaries - current
- Trade 26,624 35,463
- Non-trade 23,068 25,909
49,692 61,372
Less: Allowance for impairment (17,957) (16,857)
31,735 44,515
Amounts due from subsidiaries - non-current
- Trade 22,383 22,603
- Non-trade 167,805 170,834
190,188 193,437
Less: Allowance for impairment (44,844) (50,415)
145,344 143,022
Amounts due to subsidiaries - current
- Trade (3,715) (3,711)
- Non-trade (8,345) (5,428)
(12,060) (9,139)
Amounts due to subsidiaries - non-current
- Trade (19,105) (20,367)
- Non-trade (8,402) (1,379)
(27,507) (21,746)
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.
14. INVENTORIES
Group Company
2015 2014 2015 2014
US$’000 US$’000 US$’000 US$’000
Raw materials 4,933 3,005 4,904 2,996
Finished products 23,946 25,917 11,035 12,006
28,879 28,922 15,939 15,002
The cost of inventories recognised in “cost of goods sold” amounts to US$69,270,000 (2014: US$84,327,000).