124.
INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
23.
RECEIVABLES (CONT’D)
Group
Company
2015
2014
2015
2014
Rp million
Rp million
Rp million
Rp million
Non-financial assets
Advances and prepayments
Advances to suppliers
111,546
130,274
–
–
Prepayments
26,911
35,624
509
6,398
Total advances and prepayments
138,457
165,898
509
6,398
Total receivables
1,247,301
1,222,064
79,261
75,726
Trade receivables are non-interest bearing and are generally on 1 to 35 days’ terms. All trade receivables will be settled
in cash. They are recognised at their original invoice amounts which represent their fair values on initial recognition.
The Group’s trade receivables relate to a large number of diversified customers, there is no concentration of credit risk.
Other receivables from related parties and receivables from subsidiary companies are unsecured, interest-free and are
generally settled within the next 12 months in cash.
The Group and Company’s receivables denominated in foreign currencies are as follows:
Group
Company
2015
2014
2015
2014
Rp million
Rp million
Rp million
Rp million
US Dollars
99,486
200,766
66,286
59,527
Others
8,686
8,521
3,497
1,269
Receivables that are past due but not impaired
The Group has trade receivables amounting to Rp282.6 billion (2014: Rp204.8 billion) that are past due at the end of the
reporting period but not impaired. These receivables are unsecured and the analysis of their aging at the end of the
reporting period is as follows:
Group
2015
2014
Rp million
Rp million
Overdue but not impaired:
1 – 30 days
233,458
175,164
31 – 60 days
33,128
16,887
61 – 90 days
1,872
2,822
More than 90 days
14,157
9,950
282,615
204,823
