Cordlife Group Limited
Annual Report 2016
93
Notes to
The Financial Statements
for the financial year ended 30 June 2016
18. Trade receivables (cont’d)
Receivables that are past due but not impaired
The Group and the Company have trade receivables amounting to $7,982,000 (2015: $5,634,000) and
$3,501,000 (2015: $2,130,000) 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 2015
5,634
1,406
856
596
2,776
30 June 2016
7,982
1,929
932
574
4,547
Company
30 June 2015
2,130
526
291
172
1,141
30 June 2016
3,501
1,103
516
276
1,606
19. Other receivables
2016
$’000
Group
2015
$’000
Company
2016
2015
$’000
$’000
Non-current
Loan to external party (Note 17)
–
61,960
–
61,960
Bond receivable
4,200
34,493
4,200
34,493
Interest receivable on bond receivable
–
2,043
–
2,043
Deposit
105
–
–
–
Other receivables
12
17
12
17
4,317
98,513
4,212
98,513
Current
Interest receivable on loan to external party
–
594
–
594
Interest receivable on bond receivable
143
1,677
143
1,677
Interest receivable on fixed deposits
380
36
340
23
Other receivables
1,085
943
215
36
Reinsurance asset (Note 26)
63
–
–
–
Deposits
343
960
67
394
2,014
4,210
765
2,724
Loan to external party has an interest rate of 7% 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 CCBC Note (Note 17). The loan was repaid during the current financial year
upon the disposal of the CCBC Note.
For financial year ended 30 June 2015, 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. On 13
November 2015, the Group announced the completion of the disposal of the Convertible Note, together with the
underlying bond receivable.
