Megachem Limited Annual Report 2015 118 Notes to the Financial Statements 31 December 2015 25. Financial instruments: information on financial risks (cont’d) 25F. Credit risk on financial assets (cont’d) (ii) Credit risk exposure The credit risk for non-related party trade receivables by countries is as follows: Group Company 2015 2014 2015 2014 $’000 $‘000 $’000 $‘000 By geographical areas America 5,076 6,656 20 19 ASEAN 13,734 15,670 6,200 7,096 Australia 513 699 – – Middle East 839 1,558 60 92 North Asia 3,851 3,683 14 17 South Asia 1,010 1,009 152 85 UK and Europe 892 572 37 23 Total non-related party trade receivables 25,915 29,847 6,483 7,332 (iii) Financial assets that are neither past due nor impaired Bank deposits that are neither past due nor impaired are mainly deposits with reputable banks. Trade receivables that are neither past due nor impaired are substantially companies with a good collection track record with the Group. The Group’s and Company’s non-related party trade receivables not past due include receivables amounting to $15,512,000 (2014: $16,726,000) and $4,603,000 (2014: $5,067,000) respectively. (iv) Financial assets that are past due and / or impaired There is no other class of financial assets that is past due and / or impaired except for trade receivables. The age analysis of non-related party trade receivables past due but not impaired is as follows: Group Company 2015 2014 2015 2014 $’000 $‘000 $’000 $‘000 Past due less than 1 month 3,763 5,988 1,487 1,744 Past due 1 to 2 months 1,122 1,560 314 440 Past due 2 to 3 months 229 803 43 48 Past due 3 to 4 months 130 133 – – Past due over 4 months 4,744 4,225 – – Total 9,988 12,709 1,844 2,232
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