Singapore Airlines 2014 Annual Report Download - page 179
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177
ANNUAL REPORT FY2013/14
29 Trade Debtors (in $ million)
The Group The Company
31 March 31 March
2014 2013 2014 2013
Trade debtors 1,514.8 1,499.3 1,111.2 1,080.9
Accrued receivables 62.6 57.1 - -
Amount owing from associated companies 24.6 20.0 2.0 -
Amount owing from joint venture companies 2.7 2.0 - -
1,604.7 1,578.4 1,113.2 1,080.9
Amounts owing from subsidiary companies - - 179.4 189.9
1,604.7 1,578.4 1,292.6 1,270.8
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.
Accrued receivables pertain to services rendered in advance of billings.
Amounts owing by subsidiary, associated and joint venture companies are unsecured, trade-related, non-interest bearing
and are repayable on demand. The amounts are neither overdue nor impaired.
The table below is an analysis of trade debtors as at 31 March:
The Group The Company
31 March 31 March
2014 2013 2014 2013
Not past due and not impaired 1,509.4 1,449.6 1,290.8 1,253.8
Past due but not impaired 95.2 128.3 1.4 16.5
1,604.6 1,577.9 1,292.2 1,270.3
Impaired trade debtors - collectively assessed 4.7 6.2 0.2 0.5
Less: Accumulated impairment losses (4.6) (5.9) - (0.2)
0.1 0.3 0.2 0.3
Impaired trade debtors - individually assessed
Customers in bankruptcy or other financial reorganisation 6.3 6.1 - -
Customers who default in payment within stipulated framework
of IATA Clearing House or Bank Settlement Plan 4.3 2.5 4.2 2.0
Less: Accumulated impairment losses (10.6) (8.4) (4.0) (1.8)
- 0.2 0.2 0.2
Total trade debtors, net 1,604.7 1,578.4 1,292.6 1,270.8