HAW PAR CORPORATION LIMITED
86
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
15. INVENTORIES
The Group
2014
$’000
2013
$’000
Trading stocks
181
220
Manufacturing stocks
5,612
5,797
Finished stocks
4,927
3,694
Total
10,720
9,711
The cost of inventories recognised as expense and included in “Cost of sales” amounted to $37,093,000 (2013:
$37,774,000).
During the financial year, the Group recognised inventories written off of $98,000 (2013: $54,000). The inventories
written off have been included in "Cost of sales" in profit or loss.
16. TRADE AND OTHER RECEIVABLES
The Group
The Company
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Trade receivables
17,175
14,259
2,393
2,045
Less: Allowance for impairment of receivables
(8)
(8)
–
–
Trade receivables (net)
17,167
14,251
2,393
2,045
Advances to subsidiaries
–
–
118,648
82,842
Other receivables
2,744
8,435
423
177
Less: Allowance for impairment of other receivables
–
(15)
–
–
Other receivables (net)
2,744
8,420
119,071
83,019
Total
19,911
22,671
121,464
85,064
Other receivables mainly comprise of other debtors and deposits of approximately $1,982,000 (2013: dividend
receivable from an associated company of approximately $4,960,000 and other debtors and deposits of approximately
$3,040,000).
Advances to subsidiaries by the Company are non-trade, unsecured, interest-free and are repayable on demand. The
carrying values of the advances approximate their fair values.
The carrying amounts of trade and other receivables approximate their fair values.
