Download - Siemens Pakistan

142 Notes to the Financial Statements
17. TRADE RECEIVABLES 2008 2007
(Rupees in ‘000)
Considered good
Due from related parties 17.1 984,050 452,767
Due from others 7,869,017 4,017,319
8,853,067 4,470,086
Due against construction work in progress - others 2,274,218 2,163,965
11,127,285 6,634,051
Considered doubtful - others 203,099 119,962
11,330,384 6,754,013
Provision for doubtful receivables (203,099) (119,962)
11,127,285 6,634,051
17.1 These represent amounts due from affiliates and associates of the Company.
18. OTHER RECEIVABLES
Loans and advances
Considered good
Loans due from
- Executives 2,154 2,234
- Others 839 1,071
2,993 3,305
Advances to
- Executives 972 2,758
- Suppliers 1,100,930 591,159
- Others 13,638 6,663
1,115,540 600,580
1,118,533 603,885
Trade deposits, short-term prepayments
and other receivables
Considered good
Due from associates - . 164,453
Trade deposits 115,457 128,684
Short-term prepayments 18.1 101,500 94,488
Sales tax refundable 146,354 170,016
Interest receivable 13,568 28,765
Derivative financial instruments 122,700 112,520
Margin against letters of credit 138,368 - .
Others 268,653 69,062
906,600 767,988
Considered doubtful
32,383 8,301
Provision for doubtful other receivables 938,983 776,289
(32,383) (8,301)
906,600 767,988
2,025,133 1,371,873
18.1 This includes Rs 38.064 million (2007: Rs 33.916 million) representing excess contribution as per actuarial valuation in funded employees' gratuity
scheme.
19. CASH AND BANK BALANCES 2008 2007
(Rupees in ‘000)
With banks in
- Current accounts 167,260 150,324
- Deposit accounts 3,008,978 3,007,305
Cheques in hand 224,497 151,014
Cash in hand 6,504 3,265
3,407,239 3,311,908