99
99
2015/2016 ANNUAL REPORT
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
12. AMOUNT DUE FROM SUBSIDIARIES
The Company
2016
US$’000
2015
US$’000
Current portion (non-trade)
- Due from subsidiaries
16,373
14,977
- Less: Impairment loss
(16,322)
(14,728)
51
249
The non-trade amount due from subsidiaries is unsecured, interest-free and repayable on demand.
The non-trade amount due from subsidiaries is tested for impairment when a subsidiary records a net
liabilities position or has suffered continual operating losses. This test requires significant judgement.
Based on this assessment, an impairment loss has been recognised in respect of a non-trade amount
due from a subsidiary.
The change in impairment loss in respect of the non-trade receivables during the financial year is as
follows:
The Company
2016
US$’000
2015
US$’000
Balance at beginning of the year
14,728
14,264
Additions during the year
1,594
464
Balance at end of the year
16,322
14,728
