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TEHO INTERNATIONAL INC LTD Annual Report 2012 58
Notes to the
Financial Statements
30 June 2012
28. Financial Instruments: Information on Financial Risks (Continued)
28D. Credit Risk on Financial Assets (Continued)
As part of the process of setting customer credit limits, different credit terms are used.
The average credit period generally granted to trade receivable customers is about 30
to 90 days (2011: 30 to 90 days). But some customers take a longer period to settle
the amounts.
(a) Ageing analysis of the age of trade receivable amounts (unsecured) that are past
due as at the end of reporting year but not impaired:
Group
2012
$
2011
$
Trade receivables:
91 to 120 days 1,077,994 713,278
Over 120 days 362,431 110,672
Total 1,440,425 823,950
(b) Ageing analysis as at the end of reporting year of trade receivable amounts that
are impaired:
Group
2012
$
2011
$
Trade receivables:
Over 120 days 11,034 22,906
Total 11,034 22,906
The allowance which is disclosed in the note in trade receivables is based on individual
accounts totalling $11,034 (2011: $22,906) that are determined to be impaired at the
end of the reporting year. These are not secured.
Other receivables are normally with no fxed terms and therefore there is no maturity.
Concentration of trade receivable customers as at the end of reporting year:
28. Financial Instruments: Information on Financial Risks (Continued)
28D. Credit Risk on Financial Assets (Continued)
Group
2012
$
2011
$
Top 1 customer 825,140 830,077
Top 2 customers 1,319,154 1,272,864
Top 3 customers 1,646,508 1,507,167
28E. Liquidity Risk
The following table analyses the non-derivative fnancial liabilities by remaining contractual
maturity (contractual and undiscounted cash fows):
Less than
1 year
1 – 5
years
Over 5
years Total
Group $ $ $ $
2012:
Gross borrowings commitments 10,558,539 3,731,298 – 14,289,837
Trade and other payables 4,217,182 – – 4,217,182
At end of the year 14,775,721 3,731,298 – 18,507,019
2011:
Gross borrowings commitments 9,880,542 1,895,227 861,081 12,636,850
Trade and other payables 1,839,038 – – 1,839,038
At end of the year 11,719,580 1,895,227 861,081 14,475,888
Less than
1 year
1 – 5
years
Over 5
years Total
Company $ $ $ $
2012:
Trade and other payables 3,564,746 – – 3,564,746
At end of the year 3,564,746 – – 3,564,746
2011:
Trade and other payables 118,848 – – 118,848
At end of the year 118,848 – – 118,848