107
A N N U A L R E P O R T 2 0 1 6
For the Financial Year Ended 31 March 2016
NOTES TO THE
FINANCIAL STATEMENTS
19.
Trade and other receivables (contĄŻd)
Trade receivables
Trade receivables relate mainly to delivery sales, catering sales, voucher sales and export sales to franchisees and are non-interest bearing
and generally on 30 daysĄŻ terms.
They are recognised at their original invoice amounts which represent their fair values on initial recognition.
Group
2016
2015
$ĄŻ000
$ĄŻ000
Movements in allowance for doubtful debts account:
At beginning of the year
(50)
(68)
Written off
¨C
18
At end of the year
(50)
(50)
Receivables that are past due but not impaired
The Group has trade receivables amounting to $81,000 (2015: $104,000) that are past due at the end of the reporting period but not
impaired. These receivables are unsecured and the analysis of their ageing at the end of the reporting period is as follows:
2016
2015
$ĄŻ000
$ĄŻ000
Trade receivables past due:
31 to 60 days
3
5
61 to 90 days
4
13
91 to 120 days
7
7
More than 120 days
67
79
81
104
