Cordlife Group Limited - Annual Report 2015 - page 106

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CORDLIFE GROUP LIMITED | ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
17. TRADE RECEIVABLES (CONTINUED)
Receivables that are past due but not impaired
The Group and the Company have trade receivables amounting to $5,634,000 (2014: $4,023,000) and
$2,130,000 (2014: $1,648,000) respectively that are past due but not impaired. These receivables are unsecured
and the analysis of their aging at the end of the reporting period is as follows:
Less than 31 31 – 60 61 – 90 >90
Total days days days days
$’000 $’000 $’000 $’000 $’000
Group
30 June 2014 4,023 1,800 553 446 1,224
30 June 2015 5,634 1,406 856 596 2,776
Company
30 June 2014 1,648 616 258 149 625
30 June 2015 2,130 526 291 172 1,141
18. OTHER RECEIVABLES
Group Company
2015 2014 2015 2014
$’000 $’000 $’000 $’000
Non-current
Loan to external party (Note 16) 61,960 – 61,960 –
Bond receivable (Note 16) 34,493 – 34,493 –
Interest receivable on bond receivable 2,043 – 2,043 –
Other receivables 17 18 17 18
Deposits – 211 – –
98,513 229 98,513 18
Current
Interest receivable on loan to
external party 594 – 594 –
Interest receivable on bond receivable 1,677 – 1,677 –
Interest receivable on fixed deposits 36 338 23 333
Other receivables 943 389 36 43
Deposits 960 327 394 21
4,210 1,054 2,724 397
Loan to external party has an interest rate of 7% per annum (2014: Nil%) for the first 3 years; and at the higher
of 4.6% over the Swap Offer Rate or 7% per annum, in the 4th and 5th years. The loan will be repaid in 4 equal
instalments, on the dates 10 May 2018, 10 November 2018, 10 May 2019 and 10 November 2019. The loan is
secured by the external party‘s 50% share of the Convertible Note (Note 16).
The bond receivable bears interest rate of 7% per annum, payable annually on 3 October each year in arrears
until the maturity of the convertible note on 3 October 2017.
Foreign exchange gains on loan to external party and bond receivable of $2,355,000 (2014: $Nil) and $1,331,000
(2014: $Nil) respectively are recognised in profit or loss.