Singapore Airlines 2011 Annual Report Download - page 162

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SINGAPORE AIRLINES
160
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
29 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
2011 2010 2011 2010
Not past due and not impaired 1,280.0 1,236.0 966.4 925.2
Past due but not impaired 121.7 110.5 9.9 32.0
1,401.7 1,346.5 976.3 957.2
Impaired trade debtors - collectively assessed 10.7 16.3 0.8 2.2
Less: Accumulated impairment losses (10.4) (15.0) (0.4) (1.4)
0.3 1.3 0.4 0.8
Impaired trade debtors - individually assessed
Customers in bankruptcy or other financial
reorganisation 11.1 7.9 5.3 5.4
Customers who default in payment within stipulated
framework of IATA Clearing House or
Bank Settlement Plan 3.1 3.1 2.5 1.8
Less: Accumulated impairment losses (14.1) (11.0) (7.8) (7.2)
0.1 - - -
Total trade debtors, net 1,402.1 1,347.8 976.7 958.0
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.