INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
23.
RECEIVABLES (CONT’D)
Receivables that are impaired
As at 31 December 2015, there was no allowance for impairment of trade receivables (2014: Rp749.0 million). Trade
receivables that are determined to be impaired at the end of the reporting period relate to debtors that are in financial
difficulties and have defaulted on payments.
Movement in allowance for doubtful debts account:
Group
Note
2015
2014
Rp million
Rp million
At 1 January
–
749
Write-back for the year
8
–
(749)
At 31 December
–
–
Advances to suppliers
Advances to suppliers represent advance payments to suppliers and contractors in relation to the following purchases:
Group
2015
2014
Rp million
Rp million
Raw materials
51,954
41,029
Factory supplies, spare parts and others
59,592
89,245
111,546
130,274
Advances to suppliers are unsecured, interest-free and obligations of the suppliers are expected to be fulfilled within
the next 12 months.
24.
CASH AND CASH EQUIVALENTS
Group
Company
2015
2014
2015
2014
Rp million
Rp million
Rp million
Rp million
Cash at bank and in hand
826,357
1,426,780
37,104
109,247
Short term deposits
1,142,743
2,159,000
467,913
778,200
Cash and cash equivalents
1,969,100
3,585,780
505,017
887,447
