34.
FINANCIAL RISK MANAGEMENT (CONTINUED)
(a)
Credit risk (continued)
Credit risk concentration profiles
The Group’s and the Company’s trade receivables concentration profiles by geographical
areas and industry sectors as at balance sheet date are as follows:
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
By country:
– Myanmar
20,667
9,135
20,667
9,135
– Singapore
8,503
17,307
9,094
19,962
– Malaysia
46
6,347
46
4,518
– Indonesia
411
440
411
440
– Others
126
216
126
216
29,753
33,445
30,344
34,271
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
By industry sectors:
– Trading
24,900
22,996
28,945
21,152
– Construction
3,864
7,226
410
9,921
– Shipping
–
2,129
–
2,129
– Others
989
1,094
989
1,069
29,753
33,445
30,344
34,271
At the end of the reporting year/period, approximately:
–
91% (2014: 31%) of the Group’s trade receivables were due from 3 (2014: 3) major
customers who are located in Singapore, Indonesia and Myanmar (2014: Singapore,
Indonesia and Myanmar).
–
0.10% (2014: 0.23%) of the Group’s trade receivables were due from related parties.
119
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
