Megachem Limited Annual Report 2015 119 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) (iv) Financial assets that are past due and / or impaired (cont’d) The carrying amount of non-related party trade receivables individually determined to be impaired and the movement in the related allowance for impairment are as follows: Group Company 2015 2014 2015 2014 $’000 $‘000 $’000 $‘000 Gross amount 415 412 36 33 Less: allowance for impairment (415) (412) (36) (33) Total – – – – Movements in allowance for impairment during the year: Balance at beginning of year 412 383 33 33 Currency translation differences 9 4 – – Additions 104 121 6 – Bad debt written off (40) (33) (3) – Bad debt recovered (70) (63) – – Balance at end of year 415 412 36 33 The carrying amount of related party trade and other receivables individually determined to be impaired and the movement in the related allowance for impairment are as follows: Group 2015 2014 $’000 $‘000 Gross amount 2,460 1,887 Less: allowance for impairment (2,460) (1,887) Total – – Movements in allowance for impairment during the year: Balance at beginning of year 1,887 1,537 Additions 850 550 Bad debt recovered (277) (200) Balance at end of year 2,460 1,887
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