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STAMFORD LAND CORPORATION LTD
Notes to the Financial Statements
25 Trade and Other Receivables (Cont’d)
Amounts greater than 30 days are considered to be past due. They are not secured.
THE GROUP
2012
$’000
2011
$’000
Movements in above allowance:
Balance at beginning of year 27 94
Charged to income statement included in other charges 48 19
Currency translation – 1
Bad debts written off (4) (87)
Balance at end of year 71 27
There is no concentration of credit risk with respect to trade receivables as the Group has a
large number of diversifed customers. Except for the impaired receivables, the Group does not
consider it necessary to record any allowance (including the past due receivables) owing to good
credit records and reputation of its customers.
26 Other Assets
THE GROUP
2012
$’000
2011
$’000
Prepayments 3,465 2,402
27 Investments held-for-trading
The table below analyses fnancial instruments carried at fair value, by valuation method. The
different levels have been defned as follows:
● Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
● Level 2: inputs other than quoted prices included within Level 1 that are observable for the
asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
● Level 3: inputs for the asset or liability that are not based on observable market data
(unobservable inputs).