Megachem Limited Annual Report 2015 105 Notes to the Financial Statements 31 December 2015 16. Trade and other receivables Group Company 2015 2014 2015 2014 $ $ $ $ Trade receivables: Non-related parties 25,915,116 29,847,008 6,482,814 7,331,961 Subsidiaries – – 6,828,255 9,339,150 Associated company 119,460 107,141 60,896 88,309 Less: allowance for impairment - non-related parties (415,377) (411,838) (35,791) (33,127) Less: allowance for impairment - subsidiaries – – (1,753,000) (1,375,000) Net trade receivables – subtotal 25,619,199 29,542,311 11,583,174 15,351,293 Other receivables: Loan to subsidiaries – – 3,007,920 2,426,855 Subsidiaries – – 1,428,196 1,557,715 Associated company 7,451 656 – – Non-related parties 234,029 432,758 – – Less: allowance for impairment - subsidiaries – – (707,000) (512,000) Net other receivables – subtotal 241,480 433,414 3,729,116 3,472,570 Total trade and other receivables 25,860,679 29,975,725 15,312,290 18,823,863 The non-trade amounts due from subsidiaries and associated company are unsecured, interest-free and are repayable on demand. The loans to subsidiaries are unsecured, bear interest at 3.64% (2014: 3.39%) per annum and are repayable on demand. Trade and other receivables are denominated in the following currencies: Group Company 2015 2014 2015 2014 $ $ $ $ Singapore Dollar 5,446,500 6,295,472 7,486,545 8,160,243 United States Dollar 7,777,588 12,446,389 7,435,832 10,209,006 Malaysia Ringgit 2,809,116 3,395,662 – – China Renminbi 2,131,861 2,712,332 – – Indonesia Rupiah 3,236,869 604,773 – – Sterling Pound 1,150,902 915,038 – – Others 3,307,843 3,606,059 389,913 454,614 Total trade and other receivables 25,860,679 29,975,725 15,312,290 18,823,863
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