Singapore Airlines 2016 Annual Report Download - page 186

Notes to the Financial Statements
31 March 2016
29 Trade Debtors (in $ million) (continued)
The table below is an analysis of trade debtors as at 31 March:
The Group
31 March
The Company
31 March
2016 2015 2016 2015
Not past due and not impaired 1,186.9 1,370.3 1,174.1 1,280.9
Past due but not impaired 95.7 119.2 4.8 28.5
1,282.6 1,489.5 1,178.9 1,309.4
Impaired trade debtors – collectively assessed 5.3 10.0 0.4 0.4
Less: Accumulated impairment losses (5.1) (9.7) – (0.1)
0.2 0.3 0.4 0.3
Impaired trade debtors – individually assessed
Customers in bankruptcy or other financial reorganisation 5.0 6.1 0.1 0.1
Customers who default in payment within stipulated framework of
IATA Clearing House or Bank Settlement Plan 1.9 2.7 2.0 2.8
Less: Accumulated impairment losses (5.9) (7.1) (2.0) (2.8)
1.0 1.7 0.1 0.1
Total trade debtors, net 1,283.8 1,491.5 1,179.4 1,309.8
Included in trade and other debtors are amounts owing by related parties of $3.3 million (2015: $5.2 million) and $1.9 million (2015: $0.9 million)
for the Group and Company respectively.
Trade debtors are stated aer accumulated impairment losses. An analysis of the accumulated impairment losses is as follows:
The Group
31 March
The Company
31 March
2016 2015 2016 2015
Balance at 1 April 16.8 15.2 2.9 4.0
Acquisition of a subsidiary company – 1.3 – –
(Written back)/Charged during the year (4.7) 0.7 (0.9) (1.1)
Written off during the year (1.1) (0.4) – –
Balance at 31 March 11.0 16.8 2.0 2.9
Bad debts written off directly to profit and loss account,
net of debts recovered 1.1 6.3 0.8 1.3
As at 31 March 2016, the composition of trade debtors held in foreign currencies by the Group is as follows: USD – 16.7% (2015: 26.5%),
AUD – 13.7% (2015: 4.5%), EUR – 5.4% (2015: 4.6%), GBP – 4.1% (2015: 5.0%) and JPY – 2.0% (2015: 2.6%).
There was no loan to Directors of the Company.
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