FINANCIAL STATEMENTS - Mewah Group

MEWAH INTERNATIONAL INC.NOTES TOTHE FINANCIAL STATEMENTSFor the financial year ended 31 December 201213. INVENTORIESGroup2012 2011US$’000 US$’000Raw materials 76,915 92,899Finished goods 158,528 206,254Stores, spares and consumables 8,003 8,337243,446 307,490The cost of inventories recognised as an expense and included in “cost of sales” amounts to US$3,403,121,000 (2011: US$4,212,598,000).14. TRADE RECEIVABLESGroup2012 2011US$’000 US$’000Trade receivables- Related parties 23,784 19,735- Non-related parties 434,670 412,465458,454 432,200Less: Allowance for impairment of trade receivables- non-related parties (Note 32 b(ii)) (14,491) (21,237)Trade receivables - net 443,963 410,963Related parties are companies in which the directors/shareholders of the Company have significant influence or control.15. OTHER RECEIVABLESGroupCompany2012 2011 2012 2011US$’000 US$’000 US$’000 US$’000Non-trade receivables 34,773 16,770 189,713 139,433Dividends receivable - - 12,000 15,000Deposits 7,271 3,990 33 -Prepayments 51,429 3,830 4 193,473 24,590 201,750 154,43472