For the financial year ended 31 December 2015
88
HAW PAR CORPORATION LIMITED
16. INVENTORIES
The Group
2015
2014
$’000
$’000
Trading stocks
19
181
Manufacturing stocks
6,997
5,612
Finished stocks
5,359
4,927
Total
12,375
10,720
The cost of inventories recognised as expense and included in “Cost of sales” amounted to $43,530,000
(2014: $37,093,000).
During the financial year, the Group recognised inventories write-off of $216,000 (2014: $98,000). The inventories
written off have been included in “Cost of sales” in profit or loss.
17. TRADE AND OTHER RECEIVABLES
The Group
The Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Trade receivables
23,991
17,175
3,017
2,393
Less: Allowance for impairment of receivables
(16)
(8)
–
–
Trade receivables (net)
23,975
17,167
3,017
2,393
Advances to subsidiaries
–
–
134,944
118,648
Other receivables
8,412
2,744
424
423
Total
32,387
19,911
138,385
121,464
Other receivables mainly comprise dividends receivable and deposits of approximately $4,770,000 (2014: other debtors
and deposits of approximately $1,982,000).
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.
NOT E S TO T H E F I NAN C I A L S TAT EME N T S
(CONTINUED)
