SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
69
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
18. Inventories
Group
2015
2014
HK$’000
HK$’000
Raw materials and consumables
–
15,798
Work in progress
–
1,366
–
17,164
Included in cost of sales:
Changes in work in progress
–
(239)
Raw materials and consumables used
–
72,672
Inventories are stated after allowance. Movements in allowance:
Balance at beginning of year
–
1,928
Charged to profit or loss included in other charges
–
95
Foreign exchange translation adjustments
–
(659)
Balance at end of year
–
1,364
There are no inventories pledged as security for liabilities.
19. Trade and other receivables
Group
Company
2015
2014
2015
2014
HK$’000
HK$’000
HK$’000
HK$’000
Trade receivables:
Outside parties
17,781
92,272
–
–
Less: Allowance for impairment
–
(452)
–
–
Subtotal
17,781
91,820
–
–
Other receivables:
Subsidiary (Note 3)
–
–
34,317
9
Expenses recoverable from ultimate controlling
party
–
997
–
997
VAT receivable
18
603
–
–
Others
577
4,953
327
–
Subtotal
595
6,553
34,664
1,006
Total trade and other receivables
18,376
98,373
34,664
1,006
Movement in above allowance:
Balance at beginning of year
–
3,221
–
–
Reversed to profit or loss included in other credits
–
(2,763)
–
–
Foreign exchange translation adjustments
–
(6)
–
–
Balance at end of year
–
452
–
–
Presented as:
Trade and other receivables, current
4,594
–
–
–
Trade and other receivables, non-current
13,782
98,373
34,664
1,006
18,376
98,373
34,664
1,006
Trade receivables of HK$17,781,000 (2014: HK$Nil) are pledged as security for the bank facilities (see Note 24).
