Page 113 - ar2012

NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the year ended 31 December 2012
22. Amounts due from/(to) subsidiaries (non-trade)
Company
2012 2011
US$’000 US$’000
Amounts due from subsidiaries 10,134 8,582
Allowance for doubtful receivables (2,781) (2,693)
7,353 5,889
Amount due to a subsidiary (22) (21)
The amounts due from and due to subsidiaries are unsecured, non-interest bearing, to be settled in cash and are expected to be
repayable on demand.
23. Amounts due from associates (non-trade)
Group
2012 2011
US$’000 US$’000
Unsecured, repayable on demand and interest free 539 514
24. Trade receivables
Group
2012 2011
US$’000 US$’000
Trade receivables 54,864 63,530
Allowance for doubtful receivables (363) (480)
54,501 63,050
Trade receivables are non-interest bearing and are generally on 30 to 90 days’ terms, except for sales of raw materials and packaging
materials to 3 customers in Russia whose credit terms are 180 days. They are recognised at their original invoice amounts which
represent their fair values on initial recognition.
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Food Empire Holdings Limited Annual Report 2012