FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
114
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
34 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)
(b) Credit risk (Cont’d)
The credit risk for trade receivables based on the information provided to key management is as follows:
The Group
2015
$’000
2014
$’000
By geographical areas
America
3,808
3,959
Malaysia
11,248
11,046
Singapore
10,255
10,793
The Netherlands
8,114
8,407
People's Republic of China
25,520
21,148
Czech Republic
7,083
8,055
Other countries
21,383
23,799
87,411
87,207
By business segments
Mechatronics
Semiconductors
8,841
10,983
Medical
3,683
3,392
Analytical
13,259
17,968
Industrial automation
9,422
7,638
Others
3,957
3,589
39,162
43,570
IMS
Office automation
674
2,679
Automotive
33,207
28,324
Consumer and Industrial Electronics
4,084
3,399
Tooling
8,546
8,831
Others
1,738
404
48,249
43,637
(i) Financial assets that are neither past due nor impaired
Bank deposits and other short-term funds that are neither past due nor impaired are mainly deposits with
financial institutions with high creditworthiness. Trade receivables that are neither past due nor impaired are
substantially companies with high creditworthiness.
(ii) Financial assets that are past due and/or impaired
(a) Trade receivables
The age analysis of trade receivables past due but not impaired is as follows:
The Group
2015
$’000
2014
$’000
Past due < 3 months
15,953
12,087
Past due 3 to 6 months
1,332
1,708
Past due > 7 months
1,142
1,286
18,427
15,081
