Annual Report 2011 - Mandarin Oriental Hotel Group

62 Mandarin Oriental International Limited
Notes to the Financial Statements Continued
14 Debtors and prepayments continued
At 31st December 2011, trade debtors of US$1.9 million (2010: US$2.1 million) were impaired. The amount of the
provision was US$1.8 million (2010: US$1.9 million). It was assessed that a portion of the debtors would be recoverable.
The ageing analysis of these trade debtors is as follows:
Trade debtors
2011 2010
US$m US$m
Below 30 days 0.1 0.1
Between 31 and 60 days 0.5 0.1
Between 61 and 90 days 0.1 0.2
Over 90 days 1.2 1.7
1.9 2.1
At 31st December 2011, trade debtors and other debtors of US$6.1 million (2010: US$14.1 million) were past due but
not impaired. The ageing analysis of these trade debtors and other debtors is as follows:
Below 30 days 2.4 4.2
Between 31 and 60 days 2.0 1.6
Between 61 and 90 days 0.2 0.4
Over 90 days 1.5 7.9
6.1 14.1
The risk of trade debtors and other debtors that are neither past due nor impaired at 31st December 2011 becoming
impaired is low as the majority of the balances have been settled subsequent to year end. Based on past experience,
management believes that no impairment allowance is necessary in respect of these balances as there has not been a
significant change in credit quality and the balance are still considered fully recoverable.
Movements on the provision for impairment are as follows:
Trade debtors Other debtors
2011 2010 2011 2010
US$m US$m US$m US$m
At 1st January (1.9 ) (2.2 ) (3.4 ) (3.4 )
Additional provisions (0.6 ) (0.1 ) (0.6 ) (0.1 )
Reversal – 0.1 – –
Amount written off 0.7 0.3 – 0.1
At 31st December (1.8 ) (1.9 ) (4.0 ) (3.4 )