Singapore Airlines 2012 Annual Report Download - page 164

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162 SINGAPORE AIRLINES
Notes to the Financial Statements
31 March 2012
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
2012 2011 2012 2011
Not past due and not impaired 1,239.4 1,259.7 857.1 903.3
Past due but not impaired 114.4 121.7 12.1 9.9
1,353.8 1,381.4 869.2 913.2
Impaired trade debtors - collectively assessed 9.0 10.7 1.4 0.8
Less: Accumulated impairment losses (8.1) (10.4) (0.5) (0.4)
0.9 0.3 0.9 0.4
Impaired trade debtors - individually assessed
Customers in bankruptcy or other financial
reorganisation 12.5 11.1 5.3 5.3
Customers who default in payment within
stipulated framework of IATA Clearing House
or Bank Settlement Plan 2.2 3.1 1.7 2.5
Less: Accumulated impairment losses (14.6) (14.1) (6.9) (7.8)
0.1 0.1 0.1 -
Total trade debtors, net 1,354.8 1,381.8 870.2 913.6
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.
Included in trade debtors are accrued receivables of $64.1 million (2011: $54.0 million), which pertains to services
rendered in advance of billings.