ANNUAL REPORT
2016
.85
NOTES TO THE
FINANCIAL STATEMENTS
15.
INVENTORIES
GROUP
2016
$＊000
2015
$＊000
Automobiles
47,305
28,271
Automobile parts and accessories
1,716
1,572
Watches
3,378
3,486
52,399
33,329
Inventories are stated after allowance. Movements in allowance:
Balance at beginning of the year
1,542
1,232
Charge to profit or loss included in cost of sales
1,419
1,270
Used
(1,169)
(960)
Balance at end of the year
1,792
1,542
Changes in inventories of finished goods
19,070
13,755
The amount of inventories included in cost of sales
53,546
32,024
The write-downs of inventories charged to profit or loss included in cost of sales
1,419
1,270
Certain inventories are pledged as security for the bank facilities and finance leases (Note 21).
16.
TRADE AND OTHER RECEIVABLES
GROUP
COMPANY
2016
$＊000
2015
$＊000
2016
$＊000
2015
$＊000
Trade receivables:
Outside parties
2,615
2,250
每
11
Less allowance for impairment
(294)
(276)
每
每
Net trade receivables 每 subtotal
2,321
1,974
每
11
Other receivables:
Subsidiaries (Note 3)
每
每
9,353
11,374
Staff loans
每
2
每
每
Other receivables
911
5
539
每
Net other receivables 每 subtotal
911
7
9,892
11,374
Total trade and other receivables
3,232
1,981
9,892
11,385
Movements in above allowance:
Balance at beginning of the year
276
231
每
每
Charge for trade receivables to profit or
loss included in other losses (Note 7)
30
64
每
每
Bad debts written off
(12)
(19)
每
每
Balance at end of the year
294
276
每
每
