Singapore Airlines 2010 Annual Report Download - page 168

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SINGAPORE AIRLINES
166
notes to the financial statements
31 march 2010
28 Trade Debtors (in $ million)
The table below is an analysis of trade debtors as at 31 March:
The Group The Company
31 March 31 March
2010 2009 2010 2009
Not past due and not impaired 1,236.0 1,330.5 925.2 961.2
Past due but not impaired 110.5 149.2 32.0 31.7
1,346.5 1,479.7 957.2 992.9
Impaired trade debtors - collectively assessed 16.3 26.7 2.2 4.0
Less: Accumulated impairment losses (15.0) (21.3) (1.4) (3.0)
1.3 5.4 0.8 1.0
Impaired trade debtors - individually assessed
Customers in bankruptcy or other financial reorganisation 7.9 9.5 5.4 5.7
Customers who default in payment within stipulated
framework of IATA Clearing House or Bank Settlement Plan 3.1 5.4 1.8 3.9
Less: Accumulated impairment losses (11.0) (14.5) (7.2) (8.6)
- 0.4 - 1.0
Total trade debtors, net 1,347.8 1,485.5 958.0 994.9
Trade debtors are non-interest bearing. The carrying amount of trade debtors impaired by credit losses is reduced
through the use of an allowance account unless the Group writes off the amount ascertained to be uncollectible.
In subsequent periods when a trade debtor is ascertained to be uncollectible, it is written off against the allowance account.
Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganisation,
and default or delinquency in payments (more than 90 days aging of debtor balances) are considered indicators that the
trade debtor is impaired. Individual trade debtor is written off when management deems the amount not to be collectible.